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S.A’s GDP contracts in first quarter


GDP fell by a significant 1.2 per cent in first quarter of 2016, the latest GDP performance was well below market expectations Fitch Ratings also confirmed South Africa’s sovereign international credit rating at BBB- , with a neutral outlook. CNBC Africa is joined by Mike Schussler, Chief Economist at, James Turp, Portfolio Manager: Bonds at Absa Asset Management, George Sebulela, President of African Entrepreneurs Council.
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