(Corrects 2012 growth forecast to 3.4 pct in paragraph 3)
JOHANNESBURG Jan 26 (Reuters) – South Africa’s
economic growth is “certainly going to be below three percent”
this year due to the impact of a slowdown in the euro zone
economies, Finance Minister Pravin Gordhan said on Thursday.
“Europe is a factor. Europe as a whole is a major trading
partner for South Africa, and for the last 12 to 15 months has
had a major impact on our manufacturing industry and other
export sectors as well,” he said in a transcript of an interview
with CNN in Davos.
The government’s current official growth forecast is 3.4
percent. Gordhan will release updated forecasts at his Feb. 22
budget.
(Reporting by Ed Cropley; Editing by Phumza Macanda)
© Thomson Reuters 2012 All rights reserved
