South Africa’s central bank chief expects the economy returned to growth in Q2

South Africa's Reserve Bank Governor Lesetja Kganyago speaks during a television interview at the World Economic Forum on Africa 2017 meeting in Durban, South Africa, May 4, 2017. REUTERS/Rogan Ward

PRETORIA (Reuters) – South Africa’s economic growth likely resumed in the second quarter of 2017 after two straight quarters of contraction that pushed the economy into a recession, Reserve Bank Governor Lesetja Kganyago said on Friday.

“We believe that the worst is behind us – and that growth in the second quarter of this year will be positive,” Kganyago said at the bank’s annual general meeting.

Reporting by Olivia Kumwenda-Mtambo; Writing by Ed Stoddard; Editing by James Macharia

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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