Gold mining is credited with helping the South African economy to realize higher-than-expected growth in the second quarter of 2019 after a first-quarter contraction.
Gold has experienced a rally as many investors consider the metal to be a safe investment in turbulent economic times.
Economists predicting 2.4 percent growth were surprised to see their forecasts fall short as South Africa avoided a second recession in two years, with the economy growing by 3.1 percent in the three months ending in June, according to Fin24.
The figure is surprising due to a poor first quarter in which the South African economy shrank following load shedding, weak investment levels, a gold mining strike, and a weak grape harvest, BusinessInsider reported.
GDP declined by 3.2 percent in the first quarter of 2019, the largest quarterly drop in 10 years.
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