'The key to SA growth'

An uncertain policy
environment combined
with labour, credit and
infrastructure constraints
is holding back South
Africa’s economic growth,
according to Nedbank
chief economist, Dennis
Dykes.
He told delegates at
a business briefing last
week that South Africa’s
economic growth rate
was well below its full
potential with gross
domestic product (GDP)
growth of just under 2.5%
projected for 2015 and
around 3% GDP growth
for 2015.
Energy and electricity
infrastructure are of
particular concern, said
Dykes, adding that the
elections last week were
the first positive sign
towards addressing the
country’s uncertain policy
direction.