SA econ­omy needs pol­icy cer­tainty

Weekend Argus (Saturday Edition) - - FRONT PAGE -

SOUTH Africa’s flat- lin­ing growth would not solve the prob­lems fac­ing its econ­omy and the government needed to sta­bilise poli­cies to re­as­sure in­vestors, deputy cen­tral bank gov­er­nor Daniel Mminele said.

“Clearly, the growth rates that we’re see­ing... are woe­fully in­ad­e­quate to ad­dress the chal­lenges we have as a coun­try,” Mminele said yes­ter­day, ad­ding pol­icy cer­tainty and busi­ness friendly mea­sures were re­quired to en­cour­age in­vest­ment. The bank ex­pects in­fla­tion to av­er­age 6.4 per­cent in 2016, slightly down from an ear­lier fore­cast of 6.6 per­cent.

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