Economy forecast

Cape Town: Finance Minister Nhlanhla Nene has projected South Africa’s economy will grow by 1.4% this year, which is a 48% downward revision from 2.7%. Briefing journalists prior to tabling his first ever Medium Term Budget Policy Statement (MTBPS) as Finance Minister, Nene said despite several constraints, important structural changes were occurring in major economic sectors, which are expected to boost economic growth. He said while the economy will grow gradually by 3% in 2017, the … [Read more...] about SA economy forecast prediction 48% down