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/ 26 February 2008

South Africa records strong growth for 2007

South Africa’s economic growth jumped unexpectedly in the fourth quarter of 2007, keeping expansion for the year near a two-decade record at 5,1% as buoyant corporates outweighed slower consumer spending. Africa’s biggest economy has remained resilient despite higher interest rates, although growth is likely to slow in 2008.

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/ 27 November 2007

SA GDP growth increases in third quarter

South African third-quarter growth rose to an annualised 4,7%, beating forecasts and backing the case for another interest-rate hike. Statistics South Africa on Tuesday said the annualised quarter-on-quarter growth in real gross domestic product (GDP) has increased to 4,7%, compared with a downwardly revised 4,4% in the second quarter of 2007.