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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.

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/ 17 October 2007

August retail sales at 6,9%

South Africa’s retail trade sales picked up again in August, increasing by 6,9% year-on-year, in comparison to July’s 4,9% year-on-year rise, according to data released by Statistics SA on Wednesday. Total retail sales at constant 2000 prices reached R24,5-billion in August, up from R24,1-billion in July 2007.