All data is delayed
Loading...
See More

SA's growth sinks - AfDB poll

Aug 08 2013 10:43
Cape Town - The 2013 African Economic outlook survey has placed South Africa among the ten slowest-growing countries in Africa this year, BDLive reported on Thursday.

The survey, released by the African Development Bank (AfDB), placed South Africa's growth rate on par with Sudan.

The African Development Bank (AfDB) predicted the country's growth to remain below 3% this year.

"If we can help South Africa create more jobs, intervene in the quality of training, vocational education in job search schemes, capacitating companies to take on more youth and new employees" AfDB chief economist Mthuli Ncube was quoted as saying.

The country's economic growth prospects have weakened, Reserve Bank Governor Gill Marcus said last month.

Marcus said inflation was seen remaining within a 3% to 6% target band despite an expected temporary breach in the third quarter of this year.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

afdb  |  gill marcus  |  economic growth

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
18 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...