South Africa: “Power cuts expected to hit South Africa’s GDP” – Goldman Sachs

South Africa: “Power cuts expected to hit South Africa’s GDP” – Goldman Sachs

Severe planned power cuts at South African state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday. Advertisements

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Mozambique Mining: Extractive industry accounts for 4.1& of country GDP

Mozambique is experiencing a growth in the extractive industry’s contributions to the national gross domestic product (GDP). Updated figures indicate that, in taxation alone, this sector currently contributes 4.1 percent. In the past, the contribution was 0.4 percent.

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Africa Oil & Gas: Oil accounts for more than 70% of Angola’s GDP

The oil sector continues to be one of the main drivers of Angola’s socio-economic development, accounting for more than 70% of the West African nation’s Gross Domestic Product (GDP), said the Chief Executive of the US/Angola Chamber of Commerce (USACC).

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THE ECONOMIST: Volatility around the trend

The recent fall in oil prices took many people by surprise, but the underlying trends have been building for some time. The downwards price pressure is coming from increased US oil output, more competition from natural gas, weak GDP growth in the OECD and improving energy efficiency in the emerging world. None of these factors is going away anytime soon, although OPEC is doing its best to counteract the first. At the EIU we think…

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