International Business / The Pacific

South Africa Growth at 7-Year High: The country’s economy grew by 3.3% in 1995, compared with 2.7% in 1994, the Central Statistical Service said. But the pace of growth in gross domestic product slowed somewhat in the fourth quarter as manufacturing started to run up against capacity constraints. Most economists said the recovery should regain momentum this year, buoyed by a strong rebound in agriculture after parched farms received the best rains in years. Annualized GDP growth dipped to 2.7% in the fourth quarter from 3.0% in the third quarter, as manufacturing shrank by 2.8% after a long run of rapid expansion. Dave Mohr, economist at leading insurer Old Mutual, said he is expecting growth of more than 4% in 1996.