Statement on the Cabinet meeting of 14 September 2016
15 September 2016
1. Implementation of key government programmes
1.1. Cabinet is encouraged by the growth in the gross domestic product (GDP) of 3.3% in the second quarter of 2016; released by Statistics South Africa. The 8.1% increase in manufacturing and 11.8% in mining and quarrying demonstrates the resilience of the economy in this tough economic environment. The GDP grew by R25 billion more than the first quarter of 2016 to an estimated R1 068 billion.