Showing posts with label Africa's most advanced economy. Show all posts
Showing posts with label Africa's most advanced economy. Show all posts

Tuesday, 26 August 2014

South Africa economy avoids recession

South Africa has avoided being tipped into recession after second-quarter GDP figures showed the economy grew by 0.6% during the April-to-June period.
The economy had contracted by 0.6% in the first quarter. A platinum strike in the country was blamed for the poor performance in the first three months.
South Africa was last in recession in 2008 amid the global financial crisis.
By 2011 it had made a