Zuma says South Africa to leave recession “quicker than we believe”

CAPE TOWN  –  President Jacob Zuma told parliament on Thursday the economy would come out of recession “quicker than we believe”, his first public comments since data showed Africa’s most industrialised economy was struggling.

The country sank into recession for the first time in eight years in the first quarter, hit by weakness in consumer sectors such as wholesale, retail and accommodation.

Asked by a lawmaker why he should still be in office given the economic woes and personal scandals, Zuma said he was elected by the people.

 

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