Finance Minister says SA not in recession
By Mikhaila Crowie
25 February 2009
Finance Minister Trevor Manuel says South Africa is not in a recession, despite what some economists have said.
Manuel told a news programme that he realised that there were factors that made it seem as though South Africa was in a recession, but technically, the country was not.
Referring to Zimbabwe, Manuel said the Southern African Development Community was considering the investment of 2-billion US dollars into Zimbabwe's reconstruction.
New Prime Minister Morgan Tsvangirai has said 5-billion US dollars is needed to reconstruct the country.
25 February 2009
Finance Minister Trevor Manuel says South Africa is not in a recession, despite what some economists have said.
Manuel told a news programme that he realised that there were factors that made it seem as though South Africa was in a recession, but technically, the country was not.
Referring to Zimbabwe, Manuel said the Southern African Development Community was considering the investment of 2-billion US dollars into Zimbabwe's reconstruction.
New Prime Minister Morgan Tsvangirai has said 5-billion US dollars is needed to reconstruct the country.
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