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Shrinking Economy Challenges South Africa’s New Government

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AFRICANGLOBE - South Africa's economy shrank 0.6 percent quarter-on-quarter in the first three months of this year as a massive decline in output from the strike-hit platinum mining sector triggered the first overall quarterly contraction since a 2009 recession.

South Africa Posts 2.5% GDP Growth In 2012

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AFRICANGLOBE - South Africa's economy posted moderate growth of 2.5% in 2012, down from 3.5% in 2011, Statistics South Africa reported on Tuesday, with gross domestic product (GDP) growth up from 1.2% in the third quarter to a stronger than expected 2.1% in the fourth quarter.

South Africa’s GDP Slows, But Manufacturing Resilient

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South Africa's economy grew at a slower rate in the first quarter of 2012, but not as slowly as analysts had forecast, with mining...
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