SA economy grew by 1.4% in fourth quarter of 2018

SA economy grew by 1.4% in fourth quarter of 2018

- The growth was higher than expected but still relatively low

- It is an improvement from early 2018, however, when South Africa was in a technical recession

- The Rand has also recovered slightly

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According to Stats SA, the South African economy saw 1.4% growth in the fourth quarter of 2018.

The amount was slightly higher than most experts' predictions, but still far below the 3% promised by Cyril Ramaphosa.

Nevertheless, the economy made a slight comeback from its dismal performance in 2018's first quarter.

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In earlier 2018, South Africa's economy was in recession, following a 2.6% decrease in the first quarter and 0.4% in the second quarter.

The Rand has also strengthened somewhat, rising to R14.12 to the dollar.

READ ALSO: Soweto residents refuse to pay Eskom - "ANC promised free electricity"

However, these trends will have to increase exponentially to put a dent in the country's economic woes.

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Source: Briefly.co.za

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