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BUSINESS MAVERICK: South Africa’s economy may be recovering in Q2 2019, but Q1 was not a hard act to follow

When South Africans went to the polls on 8 May, they may have voted against the backdrop of a recovering economy. Don’t break out the Champagne just yet. A slew of data suggests the economy contracted in the first quarter, dragged down by load shedding and a protracted strike in the gold sector. Green shoots have emerged in April data, which suggests a return to growth. Still, the recovery is fragile and it would not take much to push the economy into recession....

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Published By: dailymaverick - Friday, 17 May