By Rene Vollgraaff –
JOBLESSNESS in South Africa will remain high as growth and confidence in the economy remains weak, the Reserve Bank said on Wednesday.
“With household consumption expenditure and investment growth expected to slow amid weak business confidence, the bank has lowered its growth forecast for 2014 to 2.1%,” the central bank said in its annual report released in Pretoria on Wednesday. “Under these circumstances, the high level of unemployment is expected to persist.”
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