South Africa GDP Worst in 7 Years

The video discusses the contraction in South Africa's manufacturing and mining sectors, despite a rise in retail sales during the festive season. This contraction poses risks to business and investor confidence as South Africa lags behind its growth targets. The Treasury forecasts a 1.3% GDP growth for 2017, with optimism due to global economic improvements, stability in China, and US infrastructure plans under President Trump.

What sectors in South Africa experienced significant contraction in the fourth quarter?

• Retail and Agriculture

• Tourism and Hospitality

• Manufacturing and Mining

• Finance and Real Estate

What was the impact of subdued demand during the festive season in South Africa?

• Increased investor confidence

• Improved GDP growth

• Risk to business confidence

• Boost in retail sales

What is the expected GDP growth rate for South Africa in 2017 according to the Treasury?

• 2.5%

• 1.3%

• 0.8%

• 3.0%

Which global factor is contributing to a more optimistic economic outlook for South Africa?

• Decline in global trade

• Political changes in Europe

• Stability in China

• Decreased oil prices

What is one of the plans from the US that could positively impact South Africa's economic growth?

• Tax cuts for corporations

• Expansion of healthcare

• Increased infrastructure spending

• Reduction in tariffs