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

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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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