South Africa’s economy rebounds with 0.4% GDP growth in the second quarter

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South Africa’s economy grew slightly in the second quarter of 2024, a recovery aided by no load-shedding, after remaining flat in the first quarter, data released on Tuesday showed.

According to Statistics South Africa, GDP expanded by 0.4% in the period under review after failing to grow in the first three months of the year, a period that was still marked by power outages. Stats SA revised the first quarter number up slightly, having earlier reported a 0.1% contraction. 

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