SA economy contracts worse than expected

SAfm — Analysts say while a technical recession was expected -- the contraction is far bigger than previously anticipated. This comes as figures released by Statistics South Africa show that the country's economy shrank by one-point-four percent in the fourth quarter of 2019 -- following a contraction of zero-point-eight percent in the third quarter of 2019. A recession is defined as two consecutive quarters of negative economic growth in a year.