For Creamer Media in Johannesburg, I’m Sane Dhlamini.

Making headlines: South Africa’s GDP contracts 0.6% in third quarter, SA petrol price to rise and, Mugabe left behind $10-million and some properties

South Africa’s GDP contracts 0.6% in third quarter

South Africa’s gross domestic product contracted by 0.6% in the third quarter.

However, Statistics South Africa has revealed that on a year-on-year basis, the economy grew by 0.1%,

The unadjusted real GDP at market prices for the first nine months of this year increased by 0.3% year-on-year.

Nominal GDP was estimated at just under R1.3-trillion, up R31-billion from the second quarter.

SA petrol price to rise

The retail price of both grades of petrol sold in South Africa will rise by 22 cents a litre from Wednesday while the wholesale price of diesel will dip by as much as 15.95 cents.

The department said the retail prices of illuminating paraffin, still used by some poor people for cooking and lighting, would fall 24 cents.

South Africa adjusts fuel prices each month, taking into account global prices and the rand exchange rate.

Mugabe left behind $10-million and some properties

Zimbabwe's late former leader Robert Mugabe left behind $10-million in the bank and some properties in the capital, but there is no will naming his beneficiaries, a list of his estate published by state-owned newspaper the Herald showed.

The extent of Mugabe's riches has for many years been a source of speculation.

Mugabe's daughter Bona Chikowore in October wrote to the Master of High Court seeking to register her father's estate, which included $10-million held in a local bank, four houses, 10 cars, one farm, his rural home and an orchard, the Herald reported.

That’s a roundup of news making headlines today

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