SA economy grows 3.2 percent

2012-02-28 10:51

South Africa’s economy expanded to a growth rate of 3.2 percent in the fourth quarter of 2011, according to Statistics SA.

This was up from a revised 1.7 percent in the previous quarter, said Gerhardt Bouwer, executive manager national accounts at Statistics SA in Pretoria.

The largest contributors to growth were the trade industries – wholesale, retail and motor, catering and accommodation.

This was followed by the manufacturing industry and general government services.

The first preliminary estimate of growth for 2011 was 3.1 percent, Bouwer said.

This was an improvement on 2010’s growth rate of 2.9 percent.

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