The slow down in South Africa’s economy continues with industries in the country declining by an estimated R1.86 trillion for the second quarter of the year 2014. According to Statistics South Africa, “There was a decrease of 0.5 per cent between March and June. In four of the eight industries, the turnover decreased. The mining industry performed badly because of industrial action. The strike in the manufacturing industry may have had a huge impact. The electricity sector is growing.”

Pali Lehohla, statistician general, Stats SA, announced in Pretoria that despite the slight quarter-on-quarter drop there was an increase annually. “Year-on-year the increase has been positive,” he said.

In the revised first quarter of 2014, the total turnover was R1.87 trillion for the quarterly financial statistics. Turnover of all industries for the second quarter of 2013 was R1.706 trillion.