South Africa’s political turbulence has prompted 28% of surveyed local business executives to give the nation’s economy a pessimistic outlook for the year ahead, according to advisory firm Grant Thornton’s second-quarter International Business Report (IBR).
Industry does not view Finance Minister Malusi Gigaba’s new 14-point plan as likely to stimulate the growth South Africa desperately needs. Rather, economists are viewing it as a group of administrative measures that will only move to stabilise the battered economy.
As a delegation of South African Cabinet Ministers and business representatives prepares for the World Economic Forum’s (WEF’s) yearly meeting,
The slowdown in China and the associated ending of the commodity super cycle is having a major influence on the immediate growth prospects for Africa says Professor Mthuli Ncube,