Bank of America cuts SA growth forecast
Delays in reforms cited, with new GNU woes also causing concern
06 April 2025 - 08:16
The Bank of America (Bofa) has downgraded its economic growth forecast for South Africa and has flagged tensions in the government of national unity as posing a further risk after the budget was adopted on Wednesday without the support of key GNU partners, the DA and FF+.
Bofa hosted an investment conference in Sun City last week attended by local and offshore investors, coupled with field trips in Johannesburg and Cape Town...
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