{"id":464067,"date":"2018-12-06T14:53:38","date_gmt":"2018-12-06T14:53:38","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=464067"},"modified":"2018-12-06T14:53:38","modified_gmt":"2018-12-06T14:53:38","slug":"south-africa-comes-out-of-recession-official","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/12\/06\/south-africa-comes-out-of-recession-official\/","title":{"rendered":"South Africa comes out of recession (official)"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>&nbsp;<\/p>\n<p>The South African National Institute of Statistics (StatsSA) announced Tuesday (December 4th) that the country has officially emerged from the recession, after growing 2.2% in the third quarter of the current year.<\/p>\n<p>From 2.6% in the first quarter to 0.7% as of June 30, 2018, the GDP owes its new rise to the improvement of industry, agriculture and the transport sector, according to the Institute of the statistical.<\/p>\n<p>A few months before the legislative elections, this increase is a boon for President Cyril Ramaphosa, successor to Jacob Zuma. In particular, he promised to revive the economy of the most industrialized country on the African continent while fighting corruption and boosting foreign investment.<\/p>\n<p>Its recovery plan is based on five key axes that are the priority to agriculture, the establishment of a 400 billion rand infrastructure fund, the revision of the mining code, the reduction of the cost of doing business and the relaxation of the visa procedure.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>&nbsp; The South African National Institute of Statistics (StatsSA) announced Tuesday (December 4th) that the country has officially emerged from the recession, after growing 2.2% in the third quarter of the current year. From 2.6% in the first quarter to 0.7% as of June 30, 2018, the GDP owes its new rise to the improvement<\/p>\n","protected":false},"author":530746,"featured_media":464070,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12591,12046],"tags":[675,15709],"class_list":{"0":"post-464067","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-feature","8":"category-leaders-en","9":"tag-cyril-ramaphosa","10":"tag-statssa","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Africa comes out of recession (official) - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/12\/06\/south-africa-comes-out-of-recession-official\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa comes out of recession (official)\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. 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