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Gordhan: SA not heading for recession

Source: Reuters, 14/01/2016


Cape Town - South Africa's economy will not slip into recession,
Finance Minister Pravin Gordhan said on Thursday, countering
predictions by some economists that sharp currency weakness pointed to
a contraction this year.


"We are growing as an economy, we are not going into a recession. But
we are not growing fast enough," Gordhan told a media briefing after a
Cabinet meeting.


Gordhan, who returned as finance minister in December, said he would
be meeting with the central bank to discuss how to deal with the
challenges of growth.


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