South Africa’s central bank has said it expects the economy to grow by 1.7 percent this year and 2 percent in 2020, governor Lesetja Kganyago said on Wednesday after the latest fourth-quarter data showed an annualised growth of 0.8 percent.
Kganyago said rising fuel and electricity prices posed a domestic risk to the inflation outlook, while the impact of the volatile rand currency and tightening global financial conditions were also being monitored for possible inflationary impacts.
Source: Reuters
