South Africa’s economy expands in Q2 – stats agency

Hamilton Nwosa
Writer

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[PHOTOS] Turaki-Led Faction Assumes Office Amid Secretariat Clash 

By Abiola Olawale The newly elected factional National Chairman of the Peoples Democratic Party (PDP), Kabiru Tanimu Turaki, has assumed office at the Wadata Plaza National Secretariat in Abuja. ​Turaki, a former Minister of Special Duties and Inter-Governmental Affairs, was elected at a National Convention held in Ibadan last weekend. His ascension comes amidst a…

(PHOTOS) Turaki-Led Faction Assumes Office Amid Secretariat Clash

By Abiola Olawale The newly elected factional National Chairman of the Peoples Democratic Party (PDP), Kabiru Tanimu Turaki, has assumed office at the Wadata Plaza National Secretariat in Abuja. ​Turaki, a former Minister of Special Duties and Inter-Governmental Affairs, was elected at a National Convention held in Ibadan last weekend. His ascension comes amidst a…

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South Africa’s economy expanded by 3.3 percent in the second quarter of 2016 after shrinking by 1.2 percent in the three months to March, Statistics South Africa said on Tuesday.

Gross domestic product also expanded by 0.6 percent on an unadjusted year-on-year basis in the second quarter, compared with 0.1 percent contraction in the previous three months, the agency said.

Economists polled had expected a quarter-on-quarter GDP expansion of 2.3 percent while the economy was seen expanding 0.5 percent year-on-year.

 

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