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Further drop in GDP growth

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Cape Town - South Africa’s gross domestic product grew at a meagre 0.2% in the third quarter of 2016, Statistics South Africa announced on Tuesday.

The growth recorded was significantly lower than the previous quarter’s 3.3% and 0.1 percentage point lower than the 0.3% recorded in the third quarter of 2015.

“The main contributors to growth were the mining and quarrying sector, finance, real estate and business services and general government services,” Statistics SA deputy director general Joe de Beer said at a media briefing at Parliament.

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