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South Africa's economic growth to moderate in third quarter:Treasury

Bottles of beer move along a production line at the South African Brewery in Alrode April 2, 2009. REUTERS/Siphiwe Sibeko (Reuters)

CAPE TOWN (Reuters) - Growth in South Africa's economy has been held back by supply constraints and is expected to moderate in the third quarter of this year, Treasury Director-General Lungisa Fuzile said on Wednesday. The weaker rand currency posed risks to the inflation outlook, while administered prices remained a significant driver to the consumer price gauge, Fuzile told parliament's finance committee.