Zero growth for South Africa in 2016: SARB

[BusinessTech]

Zero growth for South Africa in 2016: SARB

The SA Reserve Bank's latest forecast is for 0% growth in 2016 compared with 0.6% previously, SA Reserve Bank (Sarb) governor Lesetja Kganyago cautioned during his rates announcement on Thursday.

 

[reactor_sa]

More likely negative

 

[krycor]

Ratings downgrade on track!

 

[access]

pictured the gravy train coming to a standstill going up the hill about to start rolling backwards.