Statistics South Africa (StatsSA) said in an update, about seven industries attributed to a 0,4% growth in the second quarter of 2024.
Electricity, gas and water grew by 3,1%, finance and real estate (1,3%), trade, catering and accommodation (1,2%), manufacturing (1,1%),government services (0,5%) and personal services (0,2%).
No load shedding in the second quarter, is believed to have boosted the electricity, gas & water supply industry, to a growth of 3,1%.
In addition, there is increased electricity generation and water distribution.
StatsSA also said this is the sharpest increase since the third quarter of 2008 (also at around 3,1%).
The construction industry grew due to an increase in residential and non-residential buildings, although construction work was on the decrease.
Transport, storage & communication was the largest negative contributor, declining by 2,2% and dragging GDP growth down by 0,2 of a percentage point.
StatsSA said strike action and a fall in freight volumes contributed to the industry’s poor performance.
Lower than expected rainfall in some parts of the country, affected maize and soya bean production), while heavy rains in KwaZulu-Natal negatively affected sugar cane production.
Foot-and-mouth disease affected sheep and pork production.
Mining recorded a second consecutive decline. The industry’s poor showing in the second quarter was associated with decreased production of iron ore, coal, diamonds and gold.