SA climbs out of technical recession with 2.2% GDP growth

PUBLISHED: Tue, 04 Dec 2018 11:16:31 GMT


South Africa is officially out of technical recession, with a 2.2 per cent GDP growth. This is an improvement from the second quarters figures as released by Stats SA. Economic growth in the 3rd quarter is mainly influenced by manufacturing, transport and finance sectors. South Africa had slipped into technical recession in the first half of the year reporting negative growth in the first two quarters this year. Maarten Ackerman, Chief Economist and Advisory Partner at Citadel joins CNBC Africa for more.

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