Trends and growth
Standard & Poor's and Fitch both kept their ratings of South Africa steady on Friday.
They were confident that The Treasury was committed to tight fiscal discipline, but
warned that weak economic growth, industrial action and persistent electricity
shortages kept their outlook negative.
South Africa's economy is more connected to the global economy than its peers in the
rest of sub-Saharan Africa, according to the latest Visa Africa Integration Index, which
aims to foster economic openness and facilitate growth from greater cross-border
interaction between the 11 countries included in the study.
The demographic shifts taking place in the developing world are opening a window for economic growth. In particular, countries in sub-Saharan Africa can realise an exponential 'demographic dividend' is they invest heavily in their young populations, according to the latest The State of World Population report.
The South African economy is showing signs of recovery, and is still feeling ‘stronger and more robust economic trends. There is still a long way to go though, due to current power problems and the protracted post office strike, according to the latest BankservAfrica Economic Transaction Index (BETI).
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