SA GDP better than expected

BBSA

BBSA

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http://www.timeslive.co.za/business/article322285.ece
The country's economy has continued its recovery after being hit last year by the first recession in 17 years.

According to gross domestic product (GDP) data published by Statistics SA (StatsSA) on Tuesday, the economy grew in the fourth quarter by 3,2 percent quarter-on-quarter and annualised, compared with the previous 0,9 percent growth.

Real annual GDP declined by 1.8 percent in 2009, StatsSA said.

The main contributors to the increase in economic activity for the fourth quarter of 2009 were the manufacturing industry, the general government services, the mining and quarrying industry, the transport, storage and communication industry, finance, real estate and business services and personal services, and the construction industry.

StatsSA said negative contributions were made by the wholesale, retail, motor trade and accommodation industries, and the agriculture, forestry and fishing industry.

StatsSA economic statistics head Rashad Cassim said that during the fourth quarter it was not the consumption side that gave the economy impetus.

"The growth in manufacturing is coming from global demands, and domestic demand is not at levels many people would like to see," he said.
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Some good news for a change.
 
57 views and not a single reply...why did you even bother posting this piece of good news. In case you haven't noticed, this isn' SAGoodnews you know....:D
 
What better way to sum up the MyBB userbase than to post a piece of good news.
It seems people want this country to fail just so that they have something to complain about; casually remarking how much better things were in the good old days.
 
Ironic that only now am I starting to feel the pinch. :o

But with this good news it shouldn't last long.
 
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Why should we applaud, it is what we want. We only voice if there is a reason to complain, otherwise we are working to make things better and don't have the time to acknowledge what is our due rights.
 
Balstrome said:
Why should we applaud, it is what we want. We only voice if there is a reason to complain, otherwise we are working to make things better and don't have the time to acknowledge what is our due rights.
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Next time you whine I will assume you are whining out of habit and not because there is anything worth whinging about.
 
My company is still retrenching. And we are an essential service, dealing with the aluminium smelters and big industry.

They what consumer confidence to go up. So they manipulate the stats.
 
Mila said:
My company is still retrenching. And we are an essential service, dealing with the aluminium smelters and big industry.

They what consumer confidence to go up. So they manipulate the stats.
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If it was that easy no country would ever officially enter a recession, we would have both inflation and unmployment rates at 0%.

Besides, your company != economy...If you read the report you would have realised that some sectors have contributed negative growth.
StatsSA said negative contributions were made by the wholesale, retail, motor trade and accommodation industries, and the agriculture, forestry and fishing industry.
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We are the group that is growing, According to STATS SA . I did read the report. Yes Construction and government is doing great. I wonder why?

Like STAT SA’s report on crime they tell us what the government wants us to know.

Yes there was growth but we have been artificially stimulated by the construction sector that was boosted by 2010.
If you have read reports on 2011 you will know that we are going to see a difficult times in the next few years.

I’m not fighting. I’m just saying STATS SA is a mouth piece for the government. And for that I will doubt what they say.
 
JungleBoy said:
If it was that easy no country would ever officially enter a recession, we would have both inflation and unmployment rates at 0%.
.
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I said that is what they are trying. Not working on the educated masses we do read world news and doubt STATS SA. The uneducated masses are demanding raises, not understanding what is going on. They hear STATS SA say it's going good we are out of a recession and they demand more.

Similar to the crime stats. They publish bogus stats ( we have all read the reports of rapes being logged as breaking an entry and some cases never being logged and and and ) We all are still installing security measures, we will not be taking of the burglar bars soon.

Like I said who believes STATS SA?
 
Sylas said:
What better way to sum up the MyBB userbase than to post a piece of good news.
It seems people want this country to fail just so that they have something to complain about; casually remarking how much better things were in the good old days.
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What do you want us to say, good job ?

I am sure you have heard of the saying: When we are good no one remembers, when we are bad no one forgets.

We pay our taxes and we have a right to complain when the money WE pay are not being used for intended purposes.

Btw, the only people lately that use the "good old days" thing are ANC supporters trying to insult others. The rest of us have moved on, time to explain that to the comrades, the "struggle" is over!
 
So, we've loaned 7.3% or our GDP and got an improvement of 3.2 of our GDP in the last quarter.

If I am earning R4000 a month.
And I then take a loan for R1,000,000.
And I then pay myself R4292.
I can then claim that I have increased my income by 7.3 percent as well, and blithely ignore the fact that I have to pay back the R1,000,000.
 
davemc said:
So, we've loaned 7.3% or our GDP and got an improvement of 3.2 of our GDP in the last quarter.

If I am earning R4000 a month.
And I then take a loan for R1,000,000.
And I then pay myself R4292.
I can then claim that I have increased my income by 7.3 percent as well, and blithely ignore the fact that I have to pay back the R1,000,000.
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LOL!! That!! Explained in a different way. :)
 
davemc said:
So, we've loaned 7.3% or our GDP and got an improvement of 3.2 of our GDP in the last quarter.
If I am earning R4000 a month.
And I then take a loan for R1,000,000.
And I then pay myself R4292.
I can then claim that I have increased my income by 7.3 percent as well, and blithely ignore the fact that I have to pay back the R1,000,000.
Click to expand...

I am totally so not understanding you...:confused:
 
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