South Africa’s GDP expands by 3.1% in Q2

PUBLISHED: Tue, 03 Sep 2019 12:25:58 GMT
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PRETORIA (Reuters) – South Africa’s economy grew 3.1% in the second quarter, following a revised 3.1% contraction in the first three months of the year, Statistics South Africa data showed on Tuesday.

Economists polled by Reuters had predicted an expansion of 2.4% quarter-on-quarter.

Year-on year GDP growth was 0.9% compared with zero previously.

Reporting by Mfuneko Toyana, writing by Olivia Kumwenda-Mtambo; editing by John Stonestreet

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