SA exiting recession reasonably fast: c.bank

South Africa is coming out of its first recession in almost two decades reasonably quickly, Reserve Bank Governor Gill Marcus said on yesterday, as data showed the economy growing late last year.

Official figures showed South Africa's GDP expanded by 3.2 percent in the fourth quarter of 2009 on a seasonally-adjusted and annualised basis.

"Various short-term indicators also show South Africa coming out of the recession reasonably rapidly," central bank chief Marcus told a parliamentary commitee.

Editor's Comment
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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