Exports boost growth, fatten current account surplus

The economy grew faster than expected in the second quarter, but numbers this week from Stats SA reflected a patchy economic recovery

12 September 2021 - 02:28 By Hilary Joffe

Strong growth in exports boosted economic growth in the second quarter and lifted the surplus on the balance of payments current account to a historic high.

The economy grew faster than expected in the second quarter, but numbers this week from Stats SA reflected a patchy economic recovery, with the primary sector of the economy up 3.4% on strong performances from agriculture and mining, while the secondary sector contracted by 0.7% as construction and manufacturing declined...

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