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According to the MSCI emerging market indices, Brazil's markets gained 21 per cent in the past quarter.
Finance Minister Henrique Meirelles said that GDP will jump considerably in Q1 next year.
In late June, Temer took to national television to appeal to the Brazilian public and claim his innocence.
The number of BRIC tourists to South Africa rose by 29.9% in 2016 to 259,444.
The bill allows more temporary work contracts and outsourcing, eliminating mandatory union dues, in effect weakening workers' rights.
Temer has been bedeviled by accusations of corruption since he took over from Dilma Rousseff last year.
BRICS' Russia and Brazil will in 2017 emerge from weak growth and head strong into 2018, the report says.
Finance Minister Meirelles expects the economy will show "meaningful growth rate" by the end of 2017.
But political tensions in South Africa could derail the government's economic growth plans, experts say.
It may not be the best indicator of an improving economy, but Brazil's jobless rate has been declining since 2015.
