South Africa has made some progress in fixing problems identified by ratings agencies. But there are a number of outstanding issues that might mean the country is given ‘junk’ status.
- Lecturer in Economics, University of the Witwatersrand
South Africa’s 2016 medium term budget has to rank as one of the most difficult that its finance had to deliver amid many political controversies.
Emerging market countries that rely heavily on commodity exports will be hit hardest by Britain’s decision to leave the European Union.
South Africa’s finance minister claimed that a number of initiatives were in place to ensure that policies are actually implemented. But they were too broad and lacked urgency and conviction.
Forecasts are crucial for all economic and business activity. But looking into the future involves uncertainty and risk. Forecasts may be inaccurate, which creates a serious dilemma for policy makers
Like any commodity, the value of the rand is determined by the market forces of supply and demand. Its weakening is also affected by a myriad of structural problems facing the South African economy.
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