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South Africa’s economy surprises with a 0.6-percent growth in the second quarter.

VAAL TRIANGLE - South Africa’s economy grew by 0.6% from April to June following a 0.4% rise in the first quarter. This is an unexpected surprise as the growth forecast among economists surveyed by Reuters was just 0.1%. Six industries on the supply side grew, with manufacturing and finance driving much of the upward momentum. The country also benefited from a sharp rise in investments in machinery and equipment, including products related to renewable energy. Despite a decline in overall household consumption, consumers continued to spend more on restaurants and hotels.



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