South African economic growth is on an upswing as the nation chips away at the bottlenecks that have held it back for years, said Standard Bank Group.
Chief economist Goolam Ballim said efforts to improve governance and the performance of critical infrastructure bottlenecks have finally roused Africa’s largest economy, which has grown by less than 1% on average over the past decade due to mismanagement and corruption.
He sees growth at 1.7% next year — more upbeat than the International Monetary Fund which this week maintained its 2027 forecast at 1.3% — rising to 2% in 2028.
“We’ll continue to incrementally build toward escape velocity,” Ballim told Bloomberg in an interview from…
Diverse Media Landscape: South Africa has a vibrant and diverse media landscape,
with numerous newspapers, magazines, and online publications catering to various audiences.
Contrary Mary
South Africa: You have two cows. The one with more white patches has more privileges.
NoiseCake
An Afrikaans lady and an English lady are chatting in their yard. After a while, a dog comes and takes a kak on the lawn. The Afrikaans lady points to the dog and says “Kyk!” The English replies “That’s not cake, that’s shit”