JOHANNESBURG Oct 14 (Reuters) – South Africa’s growth
forecasts will likely need to be revisited given the impact of
widening labour unrest on Africa’s biggest economy, the central
bank’s deputy governor, Daniel Mminele said in a speech on
Sunday.
South Africa has been hit by a wave of wildcat strikes since
August that have spread beyond the mining sector, threatened
industrial relations and sparked downgrades of the country’s
credit rating.
“Growth forecasts will most likely need to be revisited,”
Mminele said in a speech to a JP Morgan investor seminar in
Tokyo on Sunday that was posted on the Reserve Bank’s website.
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