South Africa: Employer body accepts 10pct proposal to end work stoppage

The South African central bank cut on July 17 its forecast for growth in the economy, the continent’s second-biggest, to 1.7 percent this year from 2.1 percent. A protracted stoppage would “potentially have much wider ramifications because of the direct linkages to other sectors of the economy, Reserve Bank Governor Gill Marcus said.

Source: Bloomberg

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