South Africa’s Economy to Grow About 3%, Gordhan Says

South Africa’s economy will probably expand about 3 percent this year, even after a slump in manufacturing output cast doubt on the outlook for growth, South Africa’s Finance Minister Pravin Gordhan said.

Factory production unexpectedly fell 2.7 percent in March from a year earlier, compared with 4 percent growth a month earlier, the statistics agency said yesterday, prompting economists to warn about prospects for 2012.