According to Stats SA the country’s economy has grown by 3.1% in the second quarter from a decline of 3.2% within the first quarter.
The slight economic boom has helped the country to avoid yet another recession which had South Africa in a choke hold 2 years ago.
The economy performed poorly in the first quarter with the main factor being load-shedding causing businesses to not function properly and thus losing revenue.
The stability that came with Eskom, after load-sheddingbecame manageable, saw the GDP slightly growing.
The biggest contributors to the growth of the economy include the mining sector which grew by 1.0%. Thefinance industry, which involves businesses and tourism, grew by 4.1% while the trade industry grew by 3.9% increase.
Sectors such as transport, construction and agriculture experienced shrinkage and took the biggest blow with – 42% decrease.
