Good news for South Africa’s economy: Old Mutual

South Africa has seen significant improvements recently that could boost economic growth expectations beyond the more conservative forecasts in recent months, says Johann Els, the chief economist atEls said that apart from the shift to a democratic society, the recent energy reform announced by President Cyril Ramaphosa is the most significant structural reform seen in South Africa to date.

“However, we still need to see more crucial reforms such significant labour market deregulation, education system reform and a stronger social compact between the government, labour and business.” “I don’t see SA being severely impacted by the global downturn as I believe we’re in a position to better withstand the pressure than in the past.”

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Good news for South Africa’s economy: Old MutualA chief economist from Old Mutual Investment group gives insight into the trajectory of the country and why global factors are playing a smaller role on the economic growth of the country.
Source: BusinessTechSA - 🏆 24. / 61 Read more »