1ANALYSIS OF AN ARTICLE FROM IAFRICA Table of Contents SA’s GDP Contracts by 0.6% In The 3rd Quarter.........................................................2 Reference........................................................................................................................4
2ANALYSIS OF AN ARTICLE FROM IAFRICA SA’s GDP Contracts by 0.6% In The 3rd Quarter The selected article heading is“SA’s GDP Contracts by 0.6% In The 3rd Quarter”. This article says that stats of South Africa has confirmed a 3.2% of expansion in the second quarter and GDP of South Africa has squeezed by 0.6% in the 3rdquarter. In the contraction of GDP, agriculture, mining and manufacturing has contributions which are contracted by 3.6%, 6% and 4% respectively (iAfrica 2019). The stats department of South Africa has published the data and said that in the second quarter of fiscal year 2019-20 revised 3.2% of rebounding, the economy of South Africa has fallen in the 3rdof the same fiscal year (Statistics South Africa 2019). Figure 1: Performance of South Africa industries in the third quarter of 2019 Source: (Statistics South Africa 2019) The above figure is collected from the official website of the stats department of South Africa. This shows that the important role of slip in the growth of
3ANALYSIS OF AN ARTICLE FROM IAFRICA manufacturing, mining and transport has been identified in the fall in GDP. It records that the fall in mining is 6.1% which is driven by the fall of production in platinum group metals as well as ore of coal and iron. The manufacturing sector is a larger than the mining in South Africa for which a slight movement in this sector shows greter impact on GDP. Due to the size of manufacturing sector, a negative growth of 3.9% in this sector has influenced the GDP (Statistics South Africa 2019). The agricultural sector is contracting from last 3 quarters. The low production of wheat, tobacco, maize, soya beans and sunflower seeds has been seen (Statistics South Africa 2019). The article has presented the data on the GDP contraction of South Africa which is significantly correct and supported by the data of Statistical Department of South Africa.
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4ANALYSIS OF AN ARTICLE FROM IAFRICA Reference iAfrica (2019).SA's GDP Contracts By 0.6% In The 3rd Quarter - iAfrica. [online] iAfrica. Available at: http://iafrica.com/sas-gdp-contracts-by-0-6-in-the-3rd-quarter/ [Accessed 12 Jan. 2020]. Statistics South Africa (2019).GDP contracts by 0,6% in the third quarter | Statistics SouthAfrica.[online]Statssa.gov.za.Availableat:http://www.statssa.gov.za/? p=12819 [Accessed 12 Jan. 2020].