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Siphiwe Sibeko, Reuters Image used for illustrative purpose only
South Africa's economy contracted 0.1% in the first quarter of 2024 in quarter-on-quarter seasonally-adjusted terms, after growing by a revised 0.3% in the previous quarter, statistics agency data showed on Tuesday.
Economists polled by Reuters had predicted quarter-on-quarter growth of 0.1%.
On a year-on-year basis, South Africa's first-quarter gross domestic product grew 0.5% compared to economists' prediction for 0.6% growth.
(Reporting by Kopano Gumbi; Writing by Bhargav Acharya; Editing by Alexander Winning)