Slow Growth: How will it Affect South Africa and You?

success - bear marketRecent financial statistics indicate that South Africa may be headed for a period of slow growth. Economists observe that in 2011, what could go wrong did go wrong: the disastrous earthquake in Japan continues to have economic effects, while the Eurozone is facing a debt crisis and the United States is struggling with a slow recovery. Now these factors would appear to be affecting our economy in South Africa, where Gill Marcus, Governor of the Reserve Bank, recently cut the country’s growth forecast from 4% to 3.2%. Continue reading