The South African real gross domestic product decreased by 1,3% quarter on quarter, seasonally adjusted and annualised. The main contributors to the decrease were the manufacturing, mining and agricultural sectors. Lower economic growth implies a decrease in government income. This may cause higher taxation as government battles to meet current and future expenditure. Lower growth will result in lower household income and may even affect dairy demand.
Published on Monday, 31st August 2015 - 10:20
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