Jacob Zuma clarifies growth rate confusion
Presidency says it has received numerous queries about the January 8 statement and the growth rate mentioned was for sub-Saharan Africa not SA
The Presidency on Sunday provided clarity on the growth rate of 2.9% quoted by Jacob Zuma in the "January 8 anniversary statement of the governing party‚ the ANC". "The 2.9% mentioned in the statement is the growth rate for sub-Saharan Africa‚" it said in a statement‚ noting it had received numerous queries about it. "Growth in sub-Saharan Africa is estimated to have slowed to 1.4% in 2016 from 3.4% in 2015. For 2017‚ growth in the region is more optimistically projected to rise to 2.9%." The statement noted that in last year’s medium-term budget policy statement‚ "the South African government indicated that SA is expected to grow at 0.5% in 2016‚ rising to 1.3% in 2017". "This remains government’s official forecast."