Space Travel News  
FARM NEWS
S.Africa's economy slows as record drought hits farming
by Staff Writers
Johannesburg (AFP) March 1, 2016


South Africa's economy grew at an annualised 0.6 percent in the last quarter of 2015, as the country battles the worst drought in a century, official statistics showed Tuesday.

The growth was a slight drop from 0.7 percent posted in the previous quarter as President Jacob Zuma struggles to tackle high unemployment, a sharply weakened currency and falling commodity prices.

The worst drought in over 100 years saw the agriculture sector contract by 14 percent, said StatsSA.

The statistics agency said the economy grew by 1.3 percent in 2015, down from 1.5 percent the previous year.

Economists forecast that Africa's most developed economy will continue to be fragile, with the World Bank and the IMF predicting growth will be less than one percent in 2016.

Headline inflation jumped one percentage point to 6.2 percent in January, breaching the central bank's target of six percent.

The country's energy regulator on Tuesday approved a 9.4 percent-electricity tariff hike.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Farming Today - Suppliers and Technology






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
FARM NEWS
Mining to dining: Australia becomes China's land of milk and honey
Sydney (AFP) Feb 28, 2016
Asian consumers determined to improve their lifestyle are boosting the fortunes of Australian producers of premium baby milk formula, vitamins and honey, as the region's burgeoning middle class jumps on the health food bandwagon. With their expanding wallets, middle class consumers are fueling a sharp increase in sales of high-quality products from Down Under, sending the profits and share p ... read more


FARM NEWS
Arianespace Soyuz to launch 2 Galileo satellites in May

SpaceX postpones rocket launch again

Russian rocket engines ban could leave US space program in limbo

SpaceX warns of failure in Wednesday's rocket landing

FARM NEWS
Jarosite in the Noctis Labyrinthus Region of Mars

Trace Gas Orbiter and Schiaparelli are joined

Footprints of a martian flood

Russia plans return to Mars, Moon despite money woes

FARM NEWS
New Lunar Exhibit Features NASA's Lunar Reconnaissance Orbiter Imagery

NASA releases strange 'music' heard by 1969 astronauts

NASA chooses ASU to design and operate special satellite

Chinese scientists invent leak detection system for moon exploration

FARM NEWS
Search narrows for Planet Nine

Pluto's 'Hulk-like' Moon Charon: A Possible Ancient Ocean?

Putting Pluto's Geology on the Map

New Horizons Could Help Us Locate Possible Planets Beyond Neptune

FARM NEWS
Imaging Technique May Help Discover Earth-Like Planets Around Other Stars

Newly discovered planet in the Hyades cluster could shed light on planetary evolution

Imaging technique may help discover Earth-like planets

Longest-Lasting Stellar Eclipse Discovered

FARM NEWS
Welding Wonder Delivers Confidence for SLS Core Stage

Aerojet Rocketdyne to develop high-powered Nested Hall Thruster system

Simplifying supersonic nozzle pressure monitoring

SSL Advances Solar Electric Propulsion Capabilities

FARM NEWS
China to launch second space lab Tiangong-2 in Q3

China's moon lander Chang'e-3 enters 28th lunar day

Staying Alive on Tiangong 2

China Conducts Final Tests on Most Powerful Homegrown Rocket

FARM NEWS
Should we work together in the race to mine the solar system

NASA Invites Public to Send Artwork to an Asteroid

Puzzling asteroid observations explained by destruction of asteroids close to Sun

NASA Report Details Expert Team Investigation of Asteroid Redirect Mission









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.