SA economy shows growth

THE economy exited its first recession in almost two decades in the third quarter, boosted by a rebound in manufacturing picking up steam on a global recovery.

THE economy exited its first recession in almost two decades in the third quarter, boosted by a rebound in manufacturing picking up steam on a global recovery.

South Africa is still seen declining almost 2percent for the year.

Statistics South Africa said yesterday gross domestic product grew more than expected and lessened the chances of any interest rate cuts in this cycle. - Reuters

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