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Oil, soft China growth a risk to GDP

Cape Town - Rising global oil prices and slower growth in key trading partners China and India pose a risk to South Africa’s economic growth, Deputy Finance Minister Nhlanhla Nene said in parliament on Tuesday.

The domestic economy is struggling to recover from a recession in 2009, with the Treasury seeing growth of 2.7% in 2012 from 3.1% last year.

 
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