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August 26, 2014

S.Africa dodges recession, posts 0.6% growth in last quarter

South Africa narrowly avoided slipping into recession in the first half of the year, official data showed on Tuesday, as the economy grew by a meagre 0.6 percent in the second quarter.

Africa’s most advanced economy had shrunk in the first quarter of the year by 0.6 percent, amid a crippling mining strike, raising fears of a recession.

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