Adeyemo, noted that the nation’s economy is growing despite obstacles including an electricity shortage and dysfunctional ports and freight-rail lines.
Cooperation between the government and business is boosting South Africa’s prospects, despite the myriad challenges the economy faces, US Deputy Treasury Secretary Wally Adeyemo said. Adeyemo, who spent five days in South Africa meeting government and business officials, noted that the nation’s economy is growing despite obstacles including an electricity shortage and dysfunctional ports and freight-rail lines.
Adeyemo’s visit comes as the US and South Africa try to mend relations strained by Pretoria’s refusal to condemn Russia’s invasion of Ukraine and allegations — denied by the government — by the US ambassador that the African nation may have supplied arms to Russia. South Africa is also part of the Brics political bloc alongside the US’s geopolitical rivals, China and Russia.
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