Energy 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
Third Sentinel satellite launched for Copernicus

Sentinel-3A poised for liftoff

New Satellite-Based Maps to Aid in Climate Forecasts

Consistency of Earth's magnetic field history surprises scientists

FARM NEWS
Europe speeds up launches for sat-nav system

NASA Contributes to Global Navigation Standard Update

Sea level mapped from space with GPS reflections

Wirepas launches a dedicated connectivity product for beacons

FARM NEWS
New insights into the seasonality of Amazon's evergreen forests

Synchronized leaf aging in the Amazon responsible for seasonal increases in photosynthesis

Temperature changes wreak ecological havoc in deforested areas

Cambodia to use helicopter gunships in logging crackdown

FARM NEWS
A new recipe for biofuel

Scientists unlock key to turning wastewater and sewage into power

WELTEC Group Acquires 3.3 MW Biogas Plant

ONR engineers innovative research in synthetic biology

FARM NEWS
New molecular property may mean more efficient solar and opto-electronic devices

Philippines gets novel lending support for renewables

SoloPower-led team target Indian rooftop PV market

KYOCERA kelps Dominican Republic save money with renewable energy

FARM NEWS
Adwen Chooses Sentient Science For Computational Gearbox Testing

EU boasts of strides in renewable energy

Offshore U.K. to host world's largest wind farm

Germany aims to build wind energy reputation

FARM NEWS
China coal consumption drops again: govt

Central Appalachia flatter as result of mountaintop mining

Adani's mega coal mine clears Australia environmental hurdle

'Miracle' rescue of four China miners after 36 days underground

FARM NEWS
Missing Hong Kong bookseller says on TV he was 'not abducted'

China jails Christian pastor for 14 years: official

'Localists' gain foothold as democracy camp wins key Hong Kong vote

China muzzles 'The Cannon' for criticising media controls









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.