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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Lynley Donnelly.]

As President Cyril Ramaphosa drummed up promises of further investment in SA, data released on Thursday underscored the difficulties he faces in reviving an economy that has not grown more than 2% in the past five years.

Factory output fell for the fourth month running in September, with nine out of 10 manufacturing sectors shrinking on an annualised basis, according to Stats SA figures.

The outcome suggests that the manufacturing sector will weigh on economic growth figures for the third quarter of 2019, said analysts. The economy grew 3.1 % in the second quarter, but third-quarter figures are not expected to be as buoyant.

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South Africa at a Glance
58 780 000 (mid 2019 estimate)
3.7% y/y in October 2019 (CPI) & +4.1 y/y in September 2019 (PPI)
3.1% q/q (2nd quarter of 2019)
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