South Africa-Economy grows 3.2%-continued

February 28, 2012--South Africa's economy expanded to a growth rate of 3.2% in the fourth quarter of 2011, Statistics SA said on Tuesday.
This was up from a revised 1.7% 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.

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Source: FIN24

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