Bloomberg News

South Africa 2011 Growth Estimate Cut to 3.5% at Investec

September 02, 2011

Sept. 2 (Bloomberg) -- Investec Ltd. cut its estimate for gross domestic product growth in Africa’s biggest economy in 2011 to 3.5 percent, from 3.8 percent.

The revised forecast has “downside risks”, Tertia Jacobs, a Johannesburg-based analyst at Investec Capital Markets, said in an e-mailed research report.

To contact the editor responsible for this story: Robert Brand at rbrand9@bloomberg.net


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