News -- 2015 : Growth is Still On the Cards

Uncertainty over emerging markets in South Africa is still happening. This uncertainty itself came as the 70.000 labours stoppages in the mining and manufacturing sectors and a volatile currency that led to full-year growth forecasts being cut, resulting in $2,2 billion production losses. South Africa's economic situation become more chaotic as credit ratings are also being revised downwards. Last year's economic expansion level, which is 1.4%, urge South Africa to drive down unemployment. Contradictory to the two previous statement, some improvements in the external situation have successfully boost the growth rates in the quarters to come. The lower oil price is likely to bring good luck in increasing the domestic consumption, including containing inflation. Despite all of the situations mentioned, The IMF still forecasts growth of 2.1%, while the government forecasts growth of 2.5%.

http://www.mining.com/south-african-court-rules-gold-miners-not-allowed-to-strike-35927/

Read More: http://www.southafrica.info/business/…/sa-review-020215.htm…