Economics
Some of South Africa's Economic Rebound Started Under Zuma
- Economy expands 1.3% last year, exceeding Treasury’s estimate
- Fixed investment surged after three quarters of contraction
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South Africa’s new president, Cyril Ramaphosa, is credited with boosting confidence in the economy, but some of that rebound started under his predecessor, Jacob Zuma.
The economy expanded 1.3 percent last year, exceeding the National Treasury’s forecast. The annualized growth in the three months through December was the most since the second quarter of 2016 and fixed capital formation expanded after three quarters of contraction.