South Africa stuck in low growth trap: Gordhan

26 July 2016 - 14:08 By REUTERS

South Africa's economy will avoid a recession in 2016 but remains in a low growth trap and is likely to see economic expansion forecasts revised lower, Finance Minister Pravin Gordhan said on Tuesday.The Treasury's February estimate of 0.9 percent growth in 2016 was likely to change by the time of the October medium term budget, Gordhan told a media briefing on the sidelines of an investment summit.

This article is reserved for Sunday Times subscribers but, for a limited time, is free to read on our newly relaunched website.

To access the article, you only need to register – it’s quick and free. Already registered? Simply sign in below.

If you’ve already registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.

Note: Login details from the former TimesLIVE/Sunday Times website are no longer valid. Please register again.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.

X