JOHANNESBURG, Aug 30 – South Africa’s economy grew at its slowest pace in almost two years in the second quarter as the manufacturing and mining sectors slumped after strikes, boosting the case for interest rate cuts while denting the government’s job-creation hopes.
Tag: south africa economy
World Cup boosts South Africa economy – Motlanthe
The World Cup has boosted South Africa’s economy during a global recession but the tourism industry must not rip off foreign visitors during the soccer spectacular, Deputy President Kgalema Motlanthe said on Tuesday. At a joint press conference with Motlanthe, FIFA president Sepp Blatter attacked sceptics who doubted South Africa could organise the tournament but […]