Economy in a very precarious state and serious decisions need to be made-Tito

SAfm — The South African Growth outlook has been revised down by government. It now expects the economy to grow at 0-point-5 percent this year compared to 1-point-5 percent that was predicted in February this year. Growth is projected to slowly pick up to 1-point-7 percent in 2022. Finance Minister Tito Mboweni has blamed weaker investment, lower business activity and declining global growth as some of the reasons behind the latest poor growth outlook.