SA's fourth quarter GDP bounces back by 0.1%

JOHANNESBURG – South Africa’s economy has narrowly averted a technical recession following a slight uptake in the gross domestic product (GDP).

Stats SA says the fourth quarter GDP grew by 0.1%, bouncing back from the previous quarter’s contraction of 0.2%.

The transport, storage and communication sectors were the largest positive contributors to economic growth.

Stats SA released the latest GDP data on Tuesday.