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South Africa’s economy grows

Economy expands above forecasts.

South Africa’s GDP expanded above forecasts by an annualised 4.1% quarter-on-quarter in the last three months of 2014 compared with a revised growth of 2.1% in Q3, Statistics South Africa said on Tuesday.

Africa’s most advanced economy added 1.3%  on an unadjusted year-on-year basis in the fourth quarter, compared with revised growth of 1.6% in the previous three months.

Economists polled by Reuters had expected quarter-on-quarter GDP expansion of 3.7% and a year-on-year increase of 1%.

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