Reserve Bank: Damage wreaked by state capture even worse than we thought

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The damage done by state capture is worse than previously understood, and its effects, coupled with load shedding, are bound to hit economic growth hard, according to the Reserve Bank Monetary Policy Review.

In a document outlining growth prospects for the country, the Pretoria-based institution painted a gloomy picture about the impact of these two factors bedevilling the South African economy, stating that growth remained “disappointingly weak”.

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