Sowing the Seeds of Uncertainty

SOUTH AFRICA - Forecast 05 May 2015 by Iraj Abedian
Executive Summary Confidence across sections of the South African economy remains low, dragged by uncertainties about the electricity supply, industrial relations instability and socioeconomic tension. In all, economic performance appears to have entered a slow down phase. South Africa’s economic growth has lost about half its speed over the past five years. Such poor performance cuts across the production and consumption sides of the economy. Inflationary risks are on the upside driven by a weak rand, an unstable socioeconomic landscape as well as recent upticks in the price of oil. Noneth...

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