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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.

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afdb  |  gill marcus  |  economic growth

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