PO. Box 31747 Braamfontein
Registration Number: IT 3080/2006
VAT Registration Number: 4950260358
SPII is an independent, non-profit think tank, committed to the eradication of poverty and inequality in South Africa and the sub region. Through research we seek to develop innovative, evidence-based solutions that address the causes and consequences of poverty. SPII is rooted in the values of the South African constitution. We believe that poverty undermines democracy and inhibits the development of society as a whole.
Q3 growth slows as strikes hit factory output
South Africa's economic growth slowed more than expected in the third quarter of the year, official data showed on Tuesday, dragged lower by a contraction in manufacturing after weeks of strikes in the automotive sector.
However, the data is unlikely to alter already pessimistic official growth predictions for 2013. The Reserve Bank last week cut its forecast to 1.9% from the 2% seen in September, while the Treasury now sees 2.1% expansion from 2.7% in February.
THE World Bank has set two new goals for itself: ending extreme and chronic poverty in the world by 2030, and promoting shared prosperity, defined in terms of progress of the poorest 40% of the population in each society.