Looks like if you own a PlayStation 3 12GB console then you’ll be forced in upgrading your hard drive to play the latest 1.16 update for GTA Online.
Grand Theft Auto Online 1.16 update will be unplayable for the 12GB PlayStation 3 console. Rockstar has stated that the update will require more storage space then available on the particular 12GB hard drive.
With that said, gamers will still be able to enjoy the single player experience within Grand Theft Auto 5. If you wish to continue in playing GTA Online then you must simply upgrade your PlayStation 3 console hard drive.