News over the weekend says the World Bank has actually cut its growth forecast for South Africa's economy for 2017 and that it would now only grow at 0.6% and a possible 1.1% next year.
Nedbank economist Isaac Mathekgo The Midday Report's Stephen Grootes that South Africa's growth forecast keeps getting lower because South Africa is an export dependent economy.
As a result, production in the local economy was slower.— Isaac Mathekgo, Economist, Nedbank
There's a lot of concern around government policy. There's a lot of concern around whether or not the current administration is serious about implementing policies and measures that will help the economy grow.— Isaac Mathekgo, Economist, Nedbank
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This article first appeared on 702 : "SA growth forecast keeps lowering because we're an export dependent economy"