SA narrowly avoids recession

By Lisa Steyn –

South Africa has narrowly averted a recession with economic growth clocking in at 0.6% in the second quarter of 2014. The prolonged strikes in the mining sector served to drastically drag economic growth down. The marginal growth was driven by general government services and the transport, storage and communication industry. Finance, real estate and business services contributed as a result of increases in banking activities.

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