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May 8, 2012 – 10:09 am | Views: 1820

CAPE TOWN (Reuters) – Rising global oil prices and slower growth in key trading partners China and India pose a risk to South Africa’s economic growth, Deputy Finance Minister Nhlanhla Nene said in parliament on Tuesday.

The domestic economy is struggling to recover from a recession in 2009, with the Treasury seeing growth of 2.7 percent in 2012 from 3.1 percent last year.

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Oil prices, soft China growth pose risk to S.Africa GDP

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