South Africa’s economy is going to have two tough years ahead, Finance Minister Nhlanhla Nene said on Friday.
Read also: Old Mutual 2014 operating profit rises 16 percent
- WORLD IN BRIEF: Singapore court orders Bloomberg to pay $356,000, Brussels construction fire kills six, Kenya extends fuel tax relief and other stories
- WORLD IN BRIEF: Trump charges 20% Hormuz fee, Volkswagen plans 100,000 job cuts, Gulf tensions weaken South African rand and other stories
- WORLD IN BRIEF: US renews strikes on Iran, Venezuela quake toll rises to 4,490, South Africa deports 53,000 migrants and other stories
“The 2015 budget is about making choices. Some times those choices can be tough,” Nene told an business breakfast. “This requires a shift to a growth trajectory led by investment, not consumption.”
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
