‘No matter what happens in December, SA likely to remain on low-growth path’
The outcome of the ANC’s December elective conference is unlikely to change SA’s slow-growth trajectory, the Bureau for Economic Research’s Hugo Pienaar told the Inclusive Growth Summit.The ANC’s elective conference is less than a month away. The frontrunners for the party presidency are Deputy President Cyril Ramaphosa and MP Nkosazana Dlamini-Zuma, who has been endorsed by President Jacob Zuma.Pienaar noted that the South African economy had closely tracked global growth patterns post-1994, followed the world into a recession in 2008, but had since lagged behind the global recovery.While the ANC elective conference was a critical event being watched by South Africans and the global investing community, he said, there were too many uncertainties to say for sure which way the conference would swing, if it took place at all."Regardless of which candidate wins, the economic outlook will remain constrained. Confidence can move either way depending on the outcome of the conference," sai...
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