South Africa update

 [[{“value”:”President Cyril Ramaphosa earlier this month said economic progress since the formation of the new coalition in June meant annual GDP growth could triple to 3 per cent after a decade at less than 1 per cent. But in the government’s first half-year budget on Wednesday, finance minister Enoch Godongwana cut the growth target for
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President Cyril Ramaphosa earlier this month said economic progress since the formation of the new coalition in June meant annual GDP growth could triple to 3 per cent after a decade at less than 1 per cent.

But in the government’s first half-year budget on Wednesday, finance minister Enoch Godongwana cut the growth target for this year to 1.1 per cent from the 1.3 per cent target set by the previous government in February. Over the next three years, he said he expected GDP growth to average 1.8 per cent.

Here is more from the FT.

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