SA’s economy grows 4.1% quarter-on-quarter in Q4

PRETORIA (Reuters) – South Africa's GDP expanded above forecasts by an annualised 4.1 percent quarter-on-quarter in the last three months of 2014 compared with a revised growth of 2.1 percent in Q3, Statistics South Africa said on Tuesday.

Africa's most advanced economy added 1.3 percent on an unadjusted year-on-year basis in the fourth quarter, compared with revised growth of 1.6 percent in the previous three months.

Economists polled by Reuters had expected quarter-on-quarter GDP expansion of 3.7 percent and a year-on-year increase of 1 percent.