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Risks to South Africa's growth remain on the downside: Treasury

Reuters

CAPE TOWN (Reuters) - Risks to South Africa's economic growth remain on the downside and are partly domestically driven, a senior finance ministry official said on Thursday, a day after the ministry slashed its GDP forecast for the year. "Our growth has indeed been fairly weak compared to our peer countries," Director General Lungisa Fuzile told parliament's finance committee in Cape Town, adding the weakness was "in significant measure as a result of domestic constraints".