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SA economy contracts by 0.6 percent in third quarter

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JOHANNESBURG - South Africa's economy contracted by 0.6 percent in the third quarter.

a close up of a piece of paper: Bills of South African notes, ranging from R10 up to R100. The South African currency design was introduced in 2012 and includes several security features, such as Omrom rings. © Erin.Bates Bills of South African notes, ranging from R10 up to R100. The South African currency design was introduced in 2012 and includes several security features, such as Omrom rings. Stats SA released the¬†third-quarter GDP figures on Tuesday.

Agriculture, mining, manufacturing and transport sectors all declined.

Related: South African Rand Extends Decline After GDP Contracts in 3Q

According to Stats SA, mining was one of the biggest drags on growth in Q3:2019, down by 6,1%, driven largely by a fall in the production of platinum group metals, coal and iron ore.

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