FOCUSECONOMICS REPORT
Political infighting hobbles SA growth, says report
Unstable politics, the dire labour market and Trump’s protectionism are likely weigh on SA’s economic growth, says FocusEconomics report
Political infighting, the dire state of the labour market and the potential effect of US President Donald Trump’s protectionist policies will weigh on SA’s economic growth, according to a new report by FocusEconomics. SA is under political pressure as the ruling ANC prepares to elect new leaders at its conference in December. There has also been speculation that a cabinet reshuffle is imminent with President Jacob Zuma looking to replace Finance Minister Pravin Gordhan with outgoing AU commission chairwoman Nkosazana Dlamini-Zuma. Dlamini-Zuma is considered as one of the frontrunners for the ANC presidency. Ratings agency S&P Global recently warned any attempt to undermine SA’s key institutions, such the Treasury, would result in a downgraded to "junk status". The FocusEconomics report, which was released this week by the international economic forecast and analysis group, says SA’s economy has suffered the effects of subdued global demand and myriad political and economic problems ...
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