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SA Reserve Bank still sees 2019 growth at 1.7%

Governor Lesetja Kganyago said rising fuel and electricity prices posed a domestic risk to the inflation outlook.

FILE: South African Reserve Bank Governor Lesetja Kganyago. Picture: AFP

CAPE TOWN - South Africa’s central bank still expects the economy to grow by 1.7% this year and 2% in 2020, governor Lesetja Kganyago said on Wednesday after the latest fourth-quarter data showed an annualised growth of 0.8%.

Kganyago said rising fuel and electricity prices posed a domestic risk to the inflation outlook, while the impact of the volatile rand currency and tightening global financial conditions were also being monitored for possible inflationary impacts.