Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Crime to 'boost' SA economy

Nov 15 2009 11:12

Related Articles

SA faces higher taxes

Trade surplus 'surprises'

SA still in deep depression

 

Top Stories

Financial mess 'unintended', says Nedbank

Feb 12 2012 15:59

Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.

Construction looks to more graft

Feb 12 2012 15:58

Construction companies are now undertaking a second round of self-examination into uncompetitive behaviour.

Merkel 'taking Europe in wrong direction'

Feb 12 2012 14:54

American billionaire George Soros has slammed German Chancellor Angela Merkel, warning that her policies could lead to a repeat of the Great Depression.

 
Share Share line Print

Johannesburg - Cannabis farming now forms an official part of the agricultural sector, even if illegal. It will be included in future calculations of the gross domestic product (GDP).

And prostitution falls within the personal services sector. This is a logical consequence of Statistics South Africa's decision to include illegal and underground economies in the country's GDP for the first time.

And, believe it or not, their inclusion is global practice. After all, they do contribute to a country's economy.

The outcome will be that South Africa's economy will be considerably larger than currently reflected in statistics.

Top economists have long considered that South Africa's GDP could be as much as R100bn bigger than that currently reflected - among other things because parts of the hidden economy, which includes illegal and underground operations, have so far been excluded from the GDP.

The base year against which economic growth is measured will also move from 2000 to 2005.

All these adjustments will apply to the GDP and economic growth figures for the first quarter of 2002 to the third quarter of 2009.

The adjustments will change the relative size of the sectors in the economy, and their contributions to growth. One consequence could even be that sectors that contracted in the past will now grow.

- Sake24.com

For more business news in Afrikaans, go to Sake24.com.

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook still a closed book in China
Feb 08 2012 16:59

Mark Zuckerberg wants to ''friend'' China's massive market but how far is he prepared to go, and against what competition?

Attie

Whilst doing my regular book browsing at Exclusive Books just before Christmas 2011 a book with the simple title “My Book” caught my eye. Paging through the book I saw nothing else but wild life photographs with accompanying quotations by either the author or another well-known person. ... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...