South Africa sees positive signs in its struggling economy

May 9, 2016 11:56 AM

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JOHANNESBURG – The South African government says the country's struggling economy, one of Africa's biggest, is poised for a turnaround after years of slow growth, even though severe challenges remain.

Jeff Radebe, South Africa's planning minister, said Monday that assessments by Moody's Investors Service and the International Monetary Fund show that the South African economy "is on the right track." He spoke at a Johannesburg meeting hosted by the Foreign Correspondents' Association.

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