SOUTH AFRICA'S relatively low rates of growth are considered to be laying the foundation for sustainable growth in the country, breaking away from the boom-bust cycles of the past.
That's according to a Standard Bank economist who points to an expected growth rate in 1996 of 3,1% (1995 - 3,3%).
While inflation is high compared to other emerging countries, particularly the Asian tigers, SA has had remarkable success in bringing inflation down over the past decade, he said.
It is not expected inflation is likely to run away in South Africa. It should average around 7% in 1996, up from 1995's 8,7% as a result not only of economic upturn but of tariff reform.
