South Africa 2015 growth target achievable but inadequate – Nene

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South Africa's Finance Minister Nhlanhla Nene delivers his 2015 Budget Speech at Parliament in Cape Town February 25, 2015.  REUTERS/Sumaya Hisham
South Africa’s Finance Minister Nhlanhla Nene delivers his 2015 Budget Speech at Parliament in Cape Town February 25, 2015. REUTERS/Sumaya Hisham

South Africa’s 2 percent economic growth target for 2015 is both achievable and realistic but not enough to deliver the tax revenue the country requires, Finance Minister Nhlanhla Nene said on Wednesday.

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Nene told an international debt management conference in Johannesburg that the main constraints to growth in Africa’s most advanced economy were domestic in nature, singling out its worst electricity crisis in seven years.

 

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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