Bloomberg News

South Africa’s Economic Recovery Not Yet Sustainable, Nene Says

July 06, 2011

July 6 (Bloomberg) -- South Africa’s economic recovery is not yet sustainable and, as with other emerging markets, is still “highly dependent” on expansionary fiscal and monetary policies, Deputy Finance Minister Nhlanhla Nene said.

While the economy has recovered from recession in 2009, employment remains below pre-crisis levels, Nene said today in an e-mailed copy of a speech in Durban, South Africa.

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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