South Africa ends recession
Posted on November 25, 2009 at 04:43 AM EST
By Cees Bruggemans, Chief Economist FNB After three quarters of negative growth, the South African economy grew by 0.9% annualized during 3Q2009, better than the consensus expectation of +0.5%. Some 55% of economic sectors (by GDP weight) drove the growth, led by manufacturing +7.6%, electricity +4%, construction +6%, government +5%, personal services +1.5% and communication +1% (quarterly [...]