'SA's economic woes almost exclusively domestic'

Kuben Naidoo said Africa’s most industrialised economy would likely grow 0.6 or 0.7% in 2017.

FILE: Deputy Reserve Bank Governor Kuben Naidoo. Picture: YouTube screengrab.

CAPE TOWN - South African deputy central bank governor Kuben Naidoo said on Tuesday that the frail state of the economy stemmed almost exclusively from domestic factors.

Addressing a monetary policy forum in Cape Town, Naidoo said Africa’s most industrialised economy would likely grow 0.6 or 0.7% in 2017 and inflation should remain within the 3 to 6% target range for the next two years.