Energy Shortages Wreak Havoc on South Africa’s GDP

The South African economy has experienced a decline of 1.3% in the fourth quarter of 2022, surpassing the anticipated decrease of 0.4%. Various sectors including finance, trade, mining, agriculture, manufacturing, and general government services contributed to the decrease in gross domestic product (GDP). Notably, the finance, real estate & business services industry contracted by 2.3%, […]