South Africa in Recession After Land Threat: ‘Shocking Drop in Agriculture’ | WHAT REALLY HAPPENED


South Africa in Recession After Land Threat: ‘Shocking Drop in Agriculture’

South Africa slid into an official recession Tuesday, as second-quarter growth domestic product (GDP) figures showed a contraction of 0.7% — the second straight quarter of decline. First-quarter figures were revised down, from -2.2% to -2.6%.

The main culprit, according to South Africa’s Business Day, was a sharp contraction in the agricultural sector, which has been under political assault this year as the ruling African National Congress has pledged “expropriation without compensation.”

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Imagine my shock.

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