Slow in S Africa economy upsets small business
- 12 years ago
South Africa is an emerging economy that has thus far managed to weather the financial crisis gripping most of the developed world.
But high unemployment and rising commodity prices are a growing problem for the country's people.
While big business is well established in South Africa, times are tough for small stores and independent entrepreneurs.
The International Monetary Fund also recently predicted just 2.7 per cent growth in South Africa's economy this year, while three ratings agencies downgraded its economic outlook from stable to negative.
Al Jazeera's Tania Page reports from Cape Town.
But high unemployment and rising commodity prices are a growing problem for the country's people.
While big business is well established in South Africa, times are tough for small stores and independent entrepreneurs.
The International Monetary Fund also recently predicted just 2.7 per cent growth in South Africa's economy this year, while three ratings agencies downgraded its economic outlook from stable to negative.
Al Jazeera's Tania Page reports from Cape Town.