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Assessing and promoting civil and minority rights in South Africa.

[Source: CNBC by Dawn Kissi.]

Hit by political turmoil and a sovereign downgrade to “junk,” South Africa’s economy has managed to pull off something few people believed it could: post growth.

After falling in to a “technical” recession earlier this year, one of Africa’s largest economies has managed to crawl its way out, even in the face of a credit downgrade earlier this year. Fresh second-quarter data show the country emerged from its second recession in a decade, mainly due in part to an agriculture sector that rebounded from a prolonged drought in 2015.

While it was just enough to revive the domestic economy, analysts say subdued long-term growth remains a concern. As political infighting rages between the country’s president, Jacob Zuma, and opposition parties, investors are proceeding with caution. Foreign direct investment in South Africa has been net negative over the past three years, given a persistently weak policy and growth environment.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.4% y/y in April 2019 (CPI) & +6.5 y/y in April 2019 (PPI)
-3.2% q/q (1st quarter of 2019)
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