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Business optimistic on 2011 outlook

Johannesburg - Business Unity SA (Busa) president Futhi Mtoba said on Wednesday the group was "cautiously optimistic" about the economic and business outlook for 2011.

However, Mtoba said that while economic recovery in 2010 has been mild, 2011's prospects seem brighter.

Analysts are already warning that although growth will edge up in 2011, employment could remain subdued and unemployment was likely to remain at 25.3% for some time.

Busa says it is optimistic that 2011 will see the emergence of new jobs, although on a smaller scale.

"Overall, Busa trusts the SA economy will be stronger, bigger and better next year," Mtoba said.

Busa urged debates on the government's proposed new growth path to be informed by "cogent and relevant economic realities".

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