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Northern Cape Office of the Premier Recruitment

  • Industry Government
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About Northern Cape Office of the Premier

Provincial economy is likely to record growth of 2.84% in 2015 and decline in 2016 to a low growth of 0.37%. This is according to the R&D computations based on the recently published Stats SA GDP figures for the third quarter. The 2015 GDP forecasted growth of 2.84% to some extent, implies th... read moreat the provincial economy has not lost its momentum from the 2014 growth wherein it recorded a growth rate of 2.8%. Also, this anticipated growth (see the annexure, Figure A1 and Table A1), suggests that the provincial economy has shown resilience and cushioned the commodity slump impasse experienced by the world economy in 2015. However, in 2016, the provincial economy is projected to give in to both the exogenous and endogenous factors equally constraining the national economy. This is seen in the low growth projection of 0.37%, wherein it is believed the commodity slump effects will be greatly felt. The declining agricultural sector is furthermore at the back of this low growth projection.

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