Business
South Africa not in ‘recession territory’ – Finance Minister
Published By
pmnews
Date
13th September, 2016
Reports say agency rate has identified a lower growth rate.
Treasury also plans to stick to its deficit and debt targets set-out in a budget delivered in February, Gordhan told business leaders in Johannesburg.
“We will retain and sustain our fiscal credibility notwithstanding lower growth, which will put pressure on the revenue and the expenditure side,” Gordhan said.
Tags:
recession South Africa
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