{"id":13980,"date":"2012-08-28T15:21:16","date_gmt":"2012-08-28T13:21:16","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-1-mining-leads-s-africas-q2-growth-higher\/"},"modified":"2012-08-28T15:21:16","modified_gmt":"2012-08-28T13:21:16","slug":"update-1-mining-leads-s-africas-q2-growth-higher","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-mining-leads-s-africas-q2-growth-higher\/","title":{"rendered":"UPDATE 1-Mining leads S.Africa&#8217;s Q2 growth higher"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Mining jumps but labour strife threatens the sector<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Third-quarter outlook weak on mining woes<\/p>\n<p> (Adds comments, background)<\/p>\n<p><span><\/span><\/p>\n<p>By Stella Mapenzauswa<\/p>\n<p><span><\/span><\/p>\n<p>PRETORIA, Aug 28 (Reuters) &#8211; South Africa&#8217;s second-quarter<br \/>\neconomic growth quickened just slightly less than the market<br \/>\nexpected, boosted by a surprise jump in mining and suggesting<br \/>\nthe central bank could hold rates steady next month.<\/p>\n<p><span><\/span><\/p>\n<p>Africa&#8217;s biggest economy grew by 3.2 percent on a<br \/>\nquarter-on-quarter basis and adjusted for seasonal factors in<br \/>\nthe second quarter, just below market expectations of 3.3<br \/>\npercent growth, Statistics South Africa said on Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>On a year-on-year and unadjusted basis, growth jumped to 3<br \/>\npercent from 2.1 percent in the first quarter, overshooting<br \/>\nmarket expectations of 2.7 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Economists had expected growth to accelerate to 3.3 percent<br \/>\nquarter-on-quarter but manufacturing and electricity dragged on<br \/>\nthe number.<\/p>\n<p><span><\/span><\/p>\n<p>Manufacturing output contracted by 1 percent in the second<br \/>\nquarter from a 7.7 percent expansion previously.<\/p>\n<p><span><\/span><\/p>\n<p>On the other hand, mining registered a surprise 31.2 percent<br \/>\njump, coming off a low base of -16.8 percent in Q1.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Mining jumps but labour strife threatens the sector * Third-quarter outlook weak on mining woes (Adds comments, background) By Stella Mapenzauswa PRETORIA, Aug 28 (Reuters) &#8211; South Africa&#8217;s second-quarter economic growth quickened just slightly less than the market expected, boosted by a surprise jump in mining and suggesting the central bank could hold rates [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13980","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13980"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13980\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}