{"id":7410,"date":"2012-01-26T21:12:57","date_gmt":"2012-01-26T19:12:57","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/update-1-s-africa-2012-growth-to-be-below-3-pct\/"},"modified":"2012-01-26T21:12:57","modified_gmt":"2012-01-26T19:12:57","slug":"update-1-s-africa-2012-growth-to-be-below-3-pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africa-2012-growth-to-be-below-3-pct\/","title":{"rendered":"UPDATE 1-S.Africa 2012 growth to be below 3 pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds details, background)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Jan 26 (Reuters) &#8211; South Africa&#8217;s<br \/>\neconomic growth is &#8220;certainly going to be below three percent&#8221;<br \/>\nthis year due to the impact of a slowdown in the euro zone<br \/>\neconomies, Finance Minister Pravin Gordhan said on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Europe is a factor. Europe as a whole is a major trading<br \/>\npartner for South Africa, and for the last 12 to 15 months has<br \/>\nhad a major impact on our manufacturing industry and other<br \/>\nexport sectors as well,&#8221; he said in a transcript of an interview<br \/>\nwith CNN in Davos.<\/p>\n<p><span><\/span><\/p>\n<p>The government&#8217;s current official growth forecast is 3.4<br \/>\npercent. Gordhan will release updated forecasts at his Feb. 22<br \/>\nbudget.<\/p>\n<p><span><\/span><\/p>\n<p>Gordhan&#8217;s Davos comments bring his projections in line with<br \/>\nthe South African Reserve Bank and the International Monetary<br \/>\nFund, which this month slashed their forecasts to 2.8 percent<br \/>\nand 2.5 percent respectively.<\/p>\n<p><span><\/span><\/p>\n<p>The government has said it needs GDP growth of 7.0 percent<br \/>\nto make a dent in unemployment, which stands at a quarter of the<br \/>\nlabour force.<\/p>\n<p><span><\/span><\/p>\n<p>Gordhan said President Jacob Zuma could announce measures<br \/>\naimed at boosting employment in his Feb. 9 State of the Nation<br \/>\naddress.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Issues like infrastructure and others are going to play a<br \/>\nkey part as we go forward,&#8221; he said.\t<\/p>\n<p> (Reporting by Ed Cropley; Editing by Phumza Macanda)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds details, background) JOHANNESBURG Jan 26 (Reuters) &#8211; South Africa&#8217;s economic growth is &#8220;certainly going to be below three percent&#8221; this year due to the impact of a slowdown in the euro zone economies, Finance Minister Pravin Gordhan said on Thursday. &#8220;Europe is a factor. Europe as a whole is a major trading partner for [&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-7410","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\/7410","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=7410"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7410\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}