SA business optimistic of upturn
South African business confidence rose sharply in the first quarter of 2010, although the upsurge seemed mainly based on merchants' expectations of an imminent upturn, rather than an actual improvement in economic conditions.
Manufacturing 'driving SA recovery'
The seasonally adjusted Kagiso Purchasing Managers Index rose strongly in February, indicating that manufacturing was the key driver behind South Africa's economic growth recovery in the first quarter of 2010.
GDP growth beats expectations
South Africa's economy grew by a better-than-expected 3.2% in the fourth quarter of 2009, driven by manufacturing, construction and general government services. Together with growth of 0.9% in the third quarter, it signals that the country is out of its first recession in 17 years.
Residential property bounces back
South Africa's home market is arguably past its worst as demand grows off the dismal lows of early 2009 and the acceleration in house price inflation continues, says FNB.
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