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April 19, 2026
Gauteng News
News

SA economy declined by 3.2% in first quarter

According Statistics South Africa, the country’s economy has declined by 3.2 percent in the first quarter of the year, making it the biggest quarterly contraction in 10 years.

StatsSA, which released the latest gross domestic product data on Tuesday afternoon, says the manufacturing industry and the mining, and quarry industry were the largest negative contributors to growth in the first quarter.

The agriculture, forestry and fishing industry contracted by 13.2 percent.

The two largest positive contributions to growth came from food and non-alcoholic beverages, and housing services.​

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