Statistics South Africa on Tuesday said our economy was growing faster than expected.

GDP figures showed the economy grew at 3.2 percent on a seasonally adjusted and annualised basis.

Most economists expected a figure of 2.5 percent after last year’s recession.

Standard Bank economist Danalee van Dyk was thrilled at the news.

“I’m certainly pleased that it came out above market expectations. The 3.2 percent is certainly quite a revival. There were some surprises in the number. I take heart to the fact that the finance and real estate sector rose by 1.1 percent.”