October 30, 2017 / 9:09 AM / a year ago

South Africa's Q2 GDP growth momentum unsustainable - cenbank deputy governor

JOHANNESBURG, Oct 30 (Reuters) - South Africa’s GDP growth was unlikely to be maintained at levels achieved in the second quarter when the economy emerged from a recession, central bank deputy governor Daniel Mminele said on Monday.

“We may not be in a recession, but it is quite doubtful that the 2.5 percent momentum of the second quarter can be sustained,” Mminele said in a speech posted on the bank’s website. (Reporting by Olivia Kumwenda-Mtambo; Editing by James Macharia)

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