South Africa is set for a difficult few months – but high tensions and market anxieties won’t linger forever.
South Africa is currently in the doldrums, but the economy should see some improvement in the second half of the year.
The SARB is only likely to follow the US Federal Reserve in cutting rates in the second half of the year. The ANC is still predicted to drop below 50% of the vote and will likely form a coalition with smaller parties. Morris said that the end of the elections will trigger an increased flow of capital into South Africa as tensions ease.
Cuts in South African interest rates will also boost many companies in South Africa, such as clothing retailers, as consumers will have more disposable cash.In addition, fiscal policy in South Africa is heading in the right direction. Debt servicing costs could rise in the future, with R100 billion of the funds being used in 2024/25. As there is only R25 billion for 2025/26 and 2026/27, there is a risk that debt servicing costs will start to rise after this financial year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: African Games - South Africa Overtakes Nigeria On Medals TableWhile Team Nigeria added three silver and four bronze medals, it wasn't enough to maintain their second-place position.
Read more »
South Africa Emerges as America's Largest Trading Partner in AfricaSouth Africa has become America’s largest trading partner in Africa, with over $20-billion of two-way trade of goods. More than 600 American businesses now operate in South Africa. Africa's population is expected to grow significantly by 2050, presenting opportunities for investment. US Secretary of the Treasury Janet Yellen visited South Africa to strengthen ties between the two countries and continents.
Read more »
Africa: Ghana, South Africa Formalise Multi-Sectoral Engagements At Bi-National CommissionThe President of the Republic, Nana Addo Dankwa Akufo-Addo, has on behalf of the government and people of Ghana formalized engagements on education, health and mining under the Bi-National Commission.
Read more »
South Africa: Taps Run Dry in Africa's Richest CityResidents of Africa's richest city, Johannesburg, are experiencing a severe water shortage in the middle of a summer heat wave.
Read more »
South Africa's Best-Performing Municipalities Revealed in Good Governance Africa's ReportAccording to Good Governance Africa's latest Governance Performance Index (GPI) report, Swartland Local Municipality is the best-performing municipality in South Africa. The report also highlights the top-performing municipalities in different categories.
Read more »
Central Africa: Africa/Central Africa - the New Cold War Passes Through MercenariesIs the Central African Republic a 'Paradise of mercenaries'? The country has long been the scene of the intervention of various private military companies (PMCs), at least since March 2003, when François Bozizé took power in a coup supported by France against President Ange-Félix Patassé.
Read more »