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Positive GDP data out


The South African economy grew by three percent in the second quarter of 2013.

Statistics South Africa said on Tuesday that this was 0.9%  increase in the real Gross
Domestic Product in the first quarter of the year.

Main contributors to the increase in economic activity in the second quarter of 2013 were the manufacturing industry, finance, real estate and business services among others.

Sectors which experienced declines were the mining and quarrying as well as agriculture, forestry and fishing.

Stats SA says nominal GDP at market prices in the second quarter of 2013 was R836 billion, which was R23 billion more than the first quarter of 2013.