Policy, Law, Economics and Politics - Deepening Democracy through Access to Information
This privately-owned website is operated and maintained by Creamer Media
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
19 June 2013
   
 
 
Article by: Reuters
 
 
 

South Africa's economic growth is "certainly going to be below three percent" this year due to the impact of a slowdown in the eurozone economies, Finance Minister Pravin Gordhan said on Thursday.

"Europe is a factor. Europe as a whole is a major trading partner for South Africa, and for the last 12 to 15 months has had a major impact on our manufacturing industry and other export sectors as well," he said in a transcript of an interview with CNN in Davos.

The government's current official growth forecast is 3.1%. Gordhan will release updated forecasts at his February 22 Budget.

Edited by: Reuters
 
 
 
 
  Photos
 
 
 
(Picture by: Reuters)
 
 
 
 
  Map
 
 
 
 
 
 
Advertisements:
 
 
 
 
 
 
 
 
 
 
 
 
  Related social media
 
 
 
 
 
 
  Topics on this page
 
 
 
City
 
davos
Company
 
CNN
Continent
 
Europe
Country
 
south africa
Industry Term
 
Manufacturing Industry
Person
 
pravin gordhan
 
 
 
 
 
 
Online Publishers Association