South African economy shows upswing

South Africa's economy grew by 3.9 per cent in the second quarter of 2004, its best performance since the end of 2002, the official statistics agency reported on Tuesday 31 August.

Statistics South Africa said the seasonally adjusted estimate of gross domestic product (GDP) for the second quarter rose to 3.9 per cent on a 12-month comparison, up from 3.6 per cent for the first quarter of this year.

In a boost to exporters, in particular in the mining sector which was hard-hit by the strength of