South Africa is sticking to its target growth rate of 6% by 2010 despite a chronic power crisis and slower global growth, a government official said on Thursday. Alan Hirsch, deputy head of the policy unit in the Presidency, said the Accelerated and Shared Growth Initiative for South Africa is unchanged.
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/ 8 November 2007
Global economic power relations, the commodity cycle and food prices are some of the issues to be discussed at next week’s Group of 20 (G20) meeting in South Africa. Finance Minister Trevor Manuel said the meeting is ”probably the most significant gathering of economic policymakers we’ve ever had in South Africa”.
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/ 31 October 2007
Broad-based price increases in South Africa’s economy showed there was a problem that needed to be ”handled”, Reserve Bank Governor Tito Mboweni said on Tuesday. Speaking in Johannesburg, he also warned that, in general, faster inflation meant tighter monetary policy.