(MENAFN) South Africa's growth rate declined to 1.5 percent in 2014, official data showed, as strikes and power cuts hobbled Africa's second-largest economy, The Peninsula Qatar reported.
The preliminary 2014 figure announced by Statistical South Africa is below the 2.2 percent growth recorded the previous year, largely the result of persistent strike action in the mining sector.
"Due to a lot of industrial strikes, I think it had a quite negative impact on the economy," Statistics South Africa manager of national accounts showed.
The growth rate is far below the 6 to 7 percent most economists believe South Africa needs to provide jobs for the millions without work a country where one in four people are officially unemployed.
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