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South Africa’s in recession again, and people are blaming Jacob Zuma

Statistics South Africa has today confirmed that the country’s economy is shrinking.

“The country’s Gross Domestic Product (GDP) has contracted to -0.7% in the first quarter of 2017,” the national government’s news portal wrote in a press release.

The nominal GDP, which stood at R1.1-trillion in Q1 2017, was down by R17-billion over Q4 2016 with trade the biggest loser.

It’s not all doom and gloom though.

Agriculture has experienced a massive jump over the previous quarter, with its first spike in nearly two years of consecutive declines. Mining was also up 12.8% over the previous quarter.

South Africa’s GDP has dropped by 0.7% over the previous quarter, with agriculture and mining the best performing sectors

Nevertheless, the latest spate of bad news hasn’t been received well by South Africans. And some people know exactly who to blame for 2017’s bad news: President Jacob Zuma and the national ruling party, the ANC.

“ANC keeps hurting the black majority instead of uplifting them,” one Twitter user wrote.

The news of a recession comes in the same week that unemployment figures rose to 27.7% — the highest number in 13 years.

#Recession continues to trend on Twitter across South Africa as of 2pm Tuesday.

Feature image: GovernmentZA/GCIS via Flickr (CC 2.0 BY-ND, resized)

Author | Andy Walker: Editor

Andy Walker: Editor
Camper by day, run-and-gunner by night, Andy prefers his toast like his coffee -- dark and crunchy. Specialising in spotting the next big Instagram cat star, Andy also dabbles in smartphone, gadget and game reviews over on Gearburn. More
  • fifi

    You all have a voice dont vote ANC someone start a party called NOTA “none of the above!!”

    Maybe then the country will be of the people for the people.

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