The South African economy expanded by 0.4% in the second quarter of 2024, driven by the finance, manufacturing, trade, and electricity, gas, and water supply sectors. Household consumption, government spending, and inventory accumulation also contributed to this momentum. The real estate and business services sectors added 0.3 percentage points to GDP, while manufacturing output rebounded by 1.1%. Source: Africa News Agency
South Africa: Economy grows 0.4% in second quarter
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