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18 January 2019 | Online since 2003


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5 December 2018 | South Africa

South Africa emerges from recession as farming, manufacturing jump


Farms and factories dragged South Africa out of its first recession in almost a decade, data showed on Tuesday, as the economy grew by more than expected in the third quarter.
The positive data is a boost for President Cyril Ramaphosa, who has pledged to re-start growth after a decade of stagnation under his predecessor, Jacob Zuma.
South Africa’s economy expanded 2.2 percent in the third quarter from the second, snapping out of recession after a revised 0.4 percent contraction in the previous quarter, data from Statistics South Africa showed.

Full Story: Reuters
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