By Simon Nare
The government has welcomed the news that the gross domestic product expanded by 0.6% in the fourth quarter of 2024
According to Stats SA, the growth was driven by agriculture, finance and trade sectors on the production side.
Household spending led to growth on the expenditure side.
This follows a contraction of 0.1% in the third quarter.
Government Communication and Information System acting director-general Terry Vandayar said that together with various stakeholders, the government would continue to build on this momentum to drive greater economic resilience.
“The latest GDP data is encouraging and signals a welcome recovery, especially because one of government’s immediate priorities is to ensure positive economic growth that will encourage business development and provide more opportunities for employment, especially for women and the youth,” Vandayar said on Tuesday.
He added that the government has put in place a broad range of programmes and policies
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