Standard & Poor's says it expects growth in SA's economy to slow to 2.7percent this year from 3.1percent last year‚ due to weaker economic conditions elsewhere in the world.
The ratings agency predicted that growth would accelerate to 3.6percent next year on the back of stronger growth in exports.
The chief issues facing SA were "endemic" unemployment‚ which calls for vigorous labour market reforms and a push for skills development‚ as well as a widening current account deficit‚ S&P added.
S&P sees the current account shortfall widening to 4.2percent of gross domestic product this year from 3.3percent last year.
Billionaire Mark Shuttleworth's bid to have exchange controls scrapped could be devastating for SA.
Minister Manuel has called on President Zuma to reassure SA that the NDP is the country’s roadmap.
The platinum sector's central bargaining process has collapsed, NUM's Frans Baleni said.
