Reserve Bank governor says state capture is to blame for South Africa’s slow economic growth [SOUND]

# South African Reserve Bank Governor Lesetja Kganyago says the country’s economy is growing at a slow rate despite adopting the right macroeconomic policies, due to years of state capture. The country’s gross domestic product grew by 1.1-percent last year, while National Treasury had expected a 1.4-percent growth. In the first quarter of this year, the economy grew by 0.5-percent. Speaking at a public lecture at UNISA in Pretoria, Kganyago says to break from stagnant growth, South Africa needs to try risky things: