Government welcomes positive GDP growth in Quarter 4
Government welcomes the latest Gross Domestic Product (GDP) data released by Statistics South Africa, which shows that the economy expanded by 0.6% in the fourth quarter of 2024. The growth follows a contraction of 0.1% in the third quarter. Growth in the fourth quarter was primarily driven by the agriculture, finance, and trade sectors on the production side, while household spending led growth on the expenditure side.