S&P Global Ratings earlier this month affirmed its positive outlook on the country, citing a net external creditor position and the implementation of some of the government's long-desired structural reforms.
LONDON - South Africa's President Cyril Ramaphosa speaks during a press conference in central London on November 24, 2022South Africa's long-awaited economic reforms have begun to improve the country's outlook, but the age-old problems of political uncertainty and a failing power system still pose significant risks.
And — some at least — appear to be working. S&P Global Ratings earlier this month affirmed its positive outlook on the country, saying that government measures to stimulate private sector activity could boost growth, and the measures had the potential to ease economic pressures. Ramaphosa faces a "perfect storm of inflation, electricity cuts and corruption accusations that will continue to deteriorate South Africa's profile and to pose risk for investments in the country," Montana said.
The company has warned that power outages, known as "load-shedding," will continue for the next six to 12 months, and recently said it had run out of funds to acquire the diesel needed to run auxiliary power plants that are deployed during periods of peak consumption or emergencies.
TF ARE YOU TALKING ABOUT? You should delete the BS
Outlook improved how without reliable energy? Propaganda
We as South Africans we can confirm that there's nothing improving instead our president is selling every state company and is a criminal who hide millions of dollars at his farm🤷🏽♂️
The economy is worse under this guy please! We live here we know what's what!
At least one thing is improving? It's a pity that it is just a subjective opinion.
The guy is literally killing our economy and selling our country to the highest bidder