SA’s Economy Enjoys Unexpected Growth Spurt In The Last Financial Quarter

25 Feb 2014 by Jasmine Stone in Economics, Finance

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Statistics South Africa showed that the economy grew more than expected in the last financial quarter of 2013. The SA economy achieved a surprising 3.8% quarter-on-quarter growth, after the third quarter only showed 0.7% economic expansion.

The largest contributions to the South African economic growth came from finance, real estate and business services, contributing 0.5%. These sectors expanded by R54 billion to R652 billion, and accounted for 21.5% of the economy.

During the 2013 financial year goods to the value of R3.4 trillion were produced, R246 billion more than the previous year.

For more information regarding the South African economy’s performance during 2013, click here. 

[ Source : Fin24 ]

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