Econ­omy gal­lops on

Finweek English Edition - - The main stories this week -

WHAT HAP­PENED SOUTH AFRICA’S ECO­NOMIC growth con­tin­ues to ac­cel­er­ate, ac­cord­ing to the latest fig­ures, which were re­leased last week. The fig­ures show that the gross do­mes­tic prod­uct (GDP) in the fourth quar­ter in­creased by 5,6% on a sea­son­ally ad­justed an­nu­alised ba­sis, which is the best since third quar­ter 2004. BUSI­NESS DAY said that the GDP growth was greater than ex­pected, and this ex­cel­lent quar­terly growth pushed an­nual growth up to 5%. It’s sig­nif­i­cant that it has ex­ceeded the tar­get growth of 4,5% to 2009 and comes close to 6% – the As­gisa tar­get for 2010-2014. The big ques­tion is whether it’s merely cycli­cal or re­flects more last­ing fac­tors.

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