South African economic growth accelerated to 4.8% in Q1 vs. expectations of 4.2%. The rand...

|By:, SA News Editor

South African economic growth accelerated to 4.8% in Q1 vs. expectations of 4.2%. The rand strengthen on the news, bringing the currency's gain to nearly 5% since the February lows. Growth is still well below the 7% figure hoped for by the government. EZA +26%, SZR flat Y/Y.