Confidence key for South Africa’s economic recovery – Kganyago

Lesetja Kganyago
Elske Photography

The governor of the Reserve Bank of South Africa has said restoring investor and consumer confidence is key to South Africa’s economic recovery.

“Regulatory and policy uncertainty, as well as corruption and a lack of direction in some areas, have all sapped consumer and investor confidence and weakened private-sector investment,” Lesetja Kganyago said on November 9.

In 2017, South Africa’s economy was rocked by credit rating downgrades from numerous ratings agencies following political

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