South Africa has regained the title of Africa’s largest economy, two years after Nigeria rebased its economy to claim the spot, according to IMF data.
A recalculation using current exchange rates put South Africa on top because the rand has strengthened against the dollar.
Nigeria’s currency has fallen sharply since a peg to the dollar was dropped.
But BBC Africa Business Report editor Matthew Davies says both economies could be on the brink of recession.
Source: BBC
