South Africa's economy contracts by 51%
Updated | By Nothando Mkhize
South Africa's gross domestic product (GDP) contracted by 51% in the second quarter of the year as the COVID-19 pandemic took its toll on the economy.
It's the steepest decline in six decades.
Statistics South Africa released the figures on Tuesday.
They show household spending on most products declined in April, May and June - in line with the closure of stores, transport services, recreational facilities, restaurants and other businesses.
READ: Planned water shutdown in Msunduzi
The alcohol and cigarette bans also contributed to this.
The figures have revealed consumers spent more on communication - as some had had to work and study from home due to the country being on national lockdown.
Show's Stories
-
LISTEN | Carol Ofori chats to Fehmz about 'Damn Good Food'
A powerhouse personality matched with a passion for food, travel and lif...
Carol Ofori 1 day, 6 hours ago -
PRESS PLAY: Relive your favourite Breakfast moments this week - 10 to 14 November
Beans, bombshells & floods: The week KZN gave, flooded, and solved t...
East Coast Breakfast 1 day, 6 hours ago