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South African Power Outages Hurt Economy as Unemployment Climbs

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South Africa’s economy grew at a slower pace in the first quarter as power outages curbed factory output and a drought cut harvests, undermining job creation.

Gross domestic product rose an annualized 1.3 percent from the previous quarter, when it expanded 4.1 percent, the statistics office said in a report on Tuesday. The median estimate of 19 economists in a Bloomberg survey was 1.5 percent. The unemployment rate climbed to 26.4 percent, the highest level in 11 years.