The economy fell by 0.6% in the third quarter of this year.
Statistics South Africa released the latest gross domestic product figures for the quarter to end-September.
This comes after the economy grew by 3.2% in the second quarter of this year, but declined by 3.1% during the first quarter. Statistics South Africa originally said the economy grew 3.1% during the second quarter.
Mining was the big culprit in the lack of economic growth. It declined by 6.1% in the third quarter.
The Treasury itself adjusted its growth forecast for the year from 1.5% to just 0.5% in October.
Credit rating agency Moody’s Investor Services also adjusted its outlook for growth this year from 0.8% to 0.7%.
The rand fell almost immediately against the US dollar after the latest growth figure for the South African economy was announced.
The rand also slumped against other currencies.
Starting the day at R18.18 against the British pound, it broke through the R19 level and traded at R19.05.
In the case of the euro, it started trading at R16.11 but fell to R16.26.