In the first quarter of 2021, the GDP grew by 1.1%, equating to an annualised rate of 4.6%. While this is positive news, which we all need, it translates to a slight reduction from 2020s 5.8%.
Although COVID 19 has had a negative impact on most sectors, a few key industries have seen substantial growth in the last 12 months.
A promising statistic recorded that eight of ten industries, had positive gains in the first quarter. The finance, real estate, and business services industry increased at an annualised rate of 7,4%. While the mining industry saw an impressive annualised growth of 18.1%, boosted by platinum, iron ore, gold, and chromium.
GOOD NEWS ONLY
Have you ever struggled with growing vegetables?
An art as old as the planet itself and yet growing your own food is a seemingly impossible task. At the age of only 16, Claire Reid, found herself in this exact predicament. Sitting in her garden, drawing centimetre marks on her fingers it dawned on her – There must be an easier way to do this!
Wanting to make some extra pocket money, she started Reel Gardening. A biodegradable seed tape that can be planted in the ground. Making starting a vegetable garden as easy as watching grass grow!
Reel Gardening is a biodegradable seed tape that can be planted straight into the ground. The tape contains high-quality, non-chemically treated seed. The seeds are held within the tape at the correct depth and distance apart for the plant to grow.
For every Reel Gardening product sold they donate seed tape to a person in need. To date over 1,000,000 meters have been given to those less fortunate and they have reached over 2,700 schools and communities through education and outreach.
As the saying goes ‘What you sow, you shall reap.’ Reel Gardening is proof of this.
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FINANCIAL TIP OF THE WEEK
We set-up debits for our expenses due monthly, but we often forget to prioritise wealth creation.
Automating your investments is a way to guarantee financial growth. Even if it’s only one hundred rand, create a savings account or begin investing in low-risk assets.
Just start somewhere and build the habit of prioritising financial growth, monthly.