Bloomberg News

Nomura Cuts South Africa 2012 Economic Growth Forecast to 3.4%

September 15, 2011

Sept. 15 (Bloomberg) -- Nomura Plc reduced its forecast for South Africa’s economic growth in 2012 to 3.4 percent from 3.5 percent, it said.

Africa’s biggest economy will probably grow 3.1 percent this year, Peter Attard Montalto, a London-based economist at Nomura, said in an e-mailed note to clients today.

To contact the reporter on this story: Andres R. Martinez in Mexico City at

To contact the editor responsible for this story: Gordon Bell at

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