SA economy slowly recovering from recession

By Lelethu Mquqo
31 May 2011

The Financial and Fiscal Commission has projected South Africa’s economy to grow between 3.5% and 3.8% this year.

This is an up from -7.1% and 2.8% respectively in the last two years.

The Commission says the growth shows the economy is mending from the recession.

But it added that despite the positive picture, a lot still needs to be done as unemployment, poverty, inequality and low growth continues.

The Commission tabled its recommendations for the next two years before Parliament.