South Africa hit by labour turmoil

Two months of crippling labour turmoil are likely to force South Africa to look again at its economic growth forecasts, the central bank’s deputy governor said yesterday. “Growth forecasts will most likely need to be revisited,” Reserve Bank Deputy Governor Daniel Mminele said in a speech to a JP Morgan investor seminar posted on the central bank’s website. The Reserve Bank’s latest growth forecasts were for 2.6 per cent this year.