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S.African economy grows to pre-pandemic levels

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South Africa’s gross domestic product grew by 1.9 percent in the first quarter, returning the continent’s most industrialised economy to pre-pandemic levels, official data showed Tuesday.

It was the second consecutive quarter of upward growth, the official statistics agency StatsSA said.

“The size of the economy is now at pre-pandemic levels, with real GDP slightly higher than what it was before the Covid-19 pandemic,” it said.

The report said manufacturing, finance, business services and trade made gains during the first quarter, while agriculture was subdued and mining and construction contracted.—AFP

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