South Africa's economy unexpectedly contracts in 3rd quarter

Drought hits food access for 26 million in southern Africa: UN
A historic drought across southern Africa has jeopardised access to food for 26 million people, the United Nations World Food Programme (WFP) warned Wednesday, calling for urgent funding. "Today we have up to 26 million people facing acute food insecurity in the region and this is because of El Nino induced drought,
South Africa's economy unexpectedly contracts in third quarter
South Africa's economy unexpected contracted in the third quarter of this year, driven by a big drop in agricultural production, statistics agency data showed on Tuesday.
South Africa Looks Set to Miss Economic Growth Forecast for 2024
South Africa risks missing its 2024 economic growth forecast after the agricultural sector’s deepest slump in at least three decades led to an unexpected contraction in the third quarter.
South African Economy Shrinks 0.3%
The South African economy contracted in the third quarter after expanding in the previous quarter, data from Statistics South Africa
South African economy unexpectedly shrinks due to drought
South Africa's economy unexpectedly shrank in the third quarter of this year as a drought caused a big drop in agricultural production, but analysts said they expected a return to modest growth in the coming quarters.
After the Bell: Why is South Africa’s economy not growing?
It was a shock because, instead of growing, as all nine economists surveyed by Bloomberg expected, the economy shrank by 0.3%. The ostensible reason for the decline was also pretty obvious. Statistics SA recorded a huge 28.
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