We have got to see what happens in subsequent quarters - Lesetja Kganyago

Reserve Bank Governor Lesetja Kganyago has shared a breakdown of the latest GDP results giving his view on the latest growth rate.

On Tuesday, Statistics SA announced that the economy grew by 3.1% in the second quarter of the year after a sharp decline was recorded in the first few months of the year.

Kganyago has given a rather upbeat view.

It is just one quarter, we have got to see what happens in subsequent quarters.

Lesetja Kganyago, Reserve Bank Governor

If the economy grows by 0%, in each one of the remaining two quarters of the year, this economy will still register growth of 0.3% for the year.

Lesetja Kganyago, Reserve Bank Governor

Our own baseline as the central bank is not for growth of 0 in the next quarters.

Lesetja Kganyago, Reserve Bank Governor

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