SA economy 'to grow 2.3% in 2010'

[ccharles000]

The South African government expects the country's economy to grow by 2.3% this year, helped in part by the football World Cup in the summer.

The prediction of a return to economic expansion after last year's recession was given by Finance Minister Pravin Gordhan as he delivered the budget.

He expects the World Cup to add 0.5% to the country's 2010 economic growth, led by visiting football fans' spending.

Mr Gordhan added there would be a new effort to boost youth employment.

The budget comes as South Africa is mired in an overall unemployment rate of about 25%, and an increasing gap between the rich and poor.

http://news.bbc.co.uk/2/hi/business/8520958.stm

[tabatha]

1. After 1994, they should not have followed "Thatcherism".