There seems to be some optimism on the growth prospects for the South African economy. Last week Moody’s skipped its rating for South Africa leaving the country at sub investment grade, while the IMF has forecasted South Africa’s GDP growth at 3.1 per cent for this year. Inspite of all this, Bankserv africa insists there will be rapid economic growth in the country. Mike Schüssler, Chief Economist at Economists.co.za joins CNBC Africa for more.
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