{"id":15877,"date":"2012-10-25T20:03:13","date_gmt":"2012-10-25T18:03:13","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-2-s-africa-budget-deficit-widens-prompts-spending-cap\/"},"modified":"2012-10-25T20:03:13","modified_gmt":"2012-10-25T18:03:13","slug":"update-2-s-africa-budget-deficit-widens-prompts-spending-cap","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-s-africa-budget-deficit-widens-prompts-spending-cap\/","title":{"rendered":"UPDATE 2-S.Africa budget deficit widens, prompts spending cap"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sluggish economic growth hitting revenue<\/p>\n<p><span><\/span><\/p>\n<p>* Strikes to hit output in 2012<\/p>\n<p><span><\/span><\/p>\n<p>* Gordhan vows to keep spending in check<\/p>\n<p><span><\/span><\/p>\n<p>* Slams credit downgrades as inappropriate<\/p>\n<p><span><\/span><\/p>\n<p>By Stella Mapenzauswa<\/p>\n<p><span><\/span><\/p>\n<p>CAPE TOWN, Oct 25 (Reuters) &#8211; South Africa cut its growth<br \/>\nforecasts and predicted a wider budget deficit on Thursday,<br \/>\nciting fallout from the worst mining strikes since apartheid,<br \/>\nbut Finance Minister Pravin Gordhan promised to cap spending to<br \/>\nassuage bond investors&#8217; concerns.<\/p>\n<p><span><\/span><\/p>\n<p>He also dismissed talk of a crisis in Africa&#8217;s biggest<br \/>\neconomy, where 100,000 workers have downed tools in the last<br \/>\nthree months, saying the country was on a firmer financial<br \/>\nfooting than most developed countries.<\/p>\n<p><span><\/span><\/p>\n<p>The Treasury cut its 2012 growth forecast to 2.5 percent<br \/>\nfrom the 2.7 percent of earlier in the year, reflecting<br \/>\ninfrastructure bottlenecks and the impact of nearly three months<br \/>\nof strikes in the platinum and gold mines.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Sluggish economic growth hitting revenue * Strikes to hit output in 2012 * Gordhan vows to keep spending in check * Slams credit downgrades as inappropriate By Stella Mapenzauswa CAPE TOWN, Oct 25 (Reuters) &#8211; South Africa cut its growth forecasts and predicted a wider budget deficit on Thursday, citing fallout from the worst [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15877","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15877"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}