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You use the information contained in this document (the "Information") at your own risk. First National Bank, a division of FirstRand Bank Limited ("the Bank"), provides no warranties or guarantees, whether express, implied or otherwise, in respect of the Information, its accuracy and/or reliability. Without limitation, the Bank does not warrant that the Information will ensure your compliance with accounting, auditory, financial, legal, business and/or tax requirements or will improve your business' performance. The Information does not constitute advice and should not be used as a substitute for obtaining professional or other advice where necessary. Neither the Bank nor its holding company, subsidiaries or other group companies will be liable to you for any claims, demands, expenses, costs, losses or damages, of whatsoever nature, suffered or incurred by you in respect of your use of the Information.

The Bank is the owner of the copyright in all content in the newsletter. You may not publish, modify or adapt this content in any medium or format without the prior written consent of the Bank.

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The economy


SA GDP remains sluggish for Q3 2016

The Mining, Construction, Finance and Government sectors all registered positive growth despite poor economic conditions. The Agriculture sector experienced negative quarterly growth for seven consecutive periods as it recovers from the effects of the prolonged drought. The Trade, Catering and Accommodation sectors contracted by -2.1% which is its largest drop since the 2009 recession, indicative of the strain on household income. The 3Q16 GDP release suggests that our 0.2% full year growth forecast is on track, if not slightly bearish

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Events


FNB Business INNOVATION Awards 2017

We've developed the FNB Business INNOVATION Awards, an awards programme that can help unlock the innovative capability of your business to scale globally.

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