DURBAN, June 7 (Reuters) – The risks to the South African
Reserve Bank’s economic growth forecasts are to the downside
because of global developments, Governor Gill Marcus said on
Thursday.
Marcus said in a speech at a National Union of Metalworkers
of South Africa congress the central bank was concerned about
weak output in the key manufacturing sector, reiterating that
the depreciation of the rand posed the main upside risk to the
inflation outlook.
(Reporting by Xola Potelwa; Writing by Stella Mapenzauswa)
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