South Africa's Growth Forecast Revised Down To 0.5% For 2016

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Published Oct 27, 2016

South Africa's growth forecast has been revised down to 0.5% for 2016. Finance Minister Pravin Gordhan made the announcement in Parliament Wednesday when he delivered the Medium Term Budget Statement. The mid term policy document sets out the government's spending priorities over the next three years. South Africa's growth has been falling in recent years, revenues have also declined while unemployment and poverty have risen. Sumitra Nydoo takes a look at how the budget is being spread