South Africa economy 'weathering the storm' - President Zuma

by REUTERS
World
10 May 2016 - 09:00
Protesters call for the removal of South Africa's President Jacob Zuma as the country commemorates the anniversary of the country's first democratic elections in Durban, South Africa, April 27, 2016. Photo/REUTERS
Protesters call for the removal of South Africa's President Jacob Zuma as the country commemorates the anniversary of the country's first democratic elections in Durban, South Africa, April 27, 2016. Photo/REUTERS

South African President Jacob Zuma said on Monday that Africa's most industrialised economy was "weathering the storm" as he unveiled initiatives to accelerate growth include a private and public sector fund for small business.

South Africa's economy is barely growing, hobbled by power cuts last year, low commodity prices, drought and political ructions that have unnerved investors.

Zuma was speaking after receiving a report from a government-business task team appointed in February to explore ways to kick-start economic growth.
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by REUTERS
World
10 May 2016 - 09:00

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