Bloomberg News

South Africa Household Spending Growth Slowing, Marcus Says

October 12, 2011

Oct. 12 (Bloomberg) -- Spending growth by South African households is slowing, said Reserve Bank Governor Gill Marcus in Cape Town today.

Inflation in Africa’s largest economy is facing exogenous pressures, Marcus said to lawmakers today in Parliament.

To contact the reporter on this story: Mike Cohen in Cape Town at

To contact the editor responsible for this story: Andres R. Martinez at

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