Growth in demand for credit by South Africa’s private sector quickened in the year to June, data showed on Tuesday.
The Bureau for Economic Research says in its third-quarter 2008 prospects report that South Africa’s economy faces a tough road ahead.
South African Finance Minister Trevor Manuel said on Monday the National Treasury was ”comfortable” with its 4% average growth forecast for 2008.
The Organisation for Economic Cooperation and Development on Tuesday released a key report on the economic status of South Africa.
SA is not moving into a recession, Jeremy Gardiner, director at Investec Asset Management, said on Thursday at a media briefing in Johannesburg.
South Africa’s manufacturing output growth slowed sharply in May, official data showed on Thursday.
SA can weather the storm on global financial markets, although domestic growth is likely to be slower as a result, ANC president Jacob Zuma says.