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South Africa's economy grows 0.2 pct in third quarter

PUBLISHED: Tue, 06 Dec 2016 08:27:46 GMT

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South Africa’s economy grew by 0.2 percent in the third quarter of 2016 after expanding by a revised 3.5 percent in the second quarter, Statistics South Africa said on Tuesday.

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Gross domestic product rose 0.7 percent on an unadjusted year-on-year basis in the third quarter, compared with 0.6 percent expansion in the previous three months, the agency said.

Economists polled by Reuters had expected a quarter-on-quarter GDP expansion of 0.5 percent while the economy was seen expanding 0.7 percent year-on-year.