SA avoids slipping into recession
The economy grew 0.6 percent in the second quarter after contracting in the first 3 months of this year.
JOHANNESBURG - South Africa's economy grew 0.6 percent in the second quarter, avoiding slipping into recession after contracting 0.6 percent in the first three months of this year, Statistics South Africa said on Tuesday.
Africa's most advanced economy grew 1 percent on an unadjusted year-on-year basis in the second quarter, compared with growth of 1.6 percent in the previous quarter.
But economist George Glynos says the economy is struggling.
"The South African economy was flat, if not slightly negative, so it is still a contraction on the first half. The more productive sectors of the economy detracted from GDP growth."