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S&P Global Ratings has reaffirmed a positive outlook for South Africa’s economy, spotlighting the country’s structural strengths and sound fiscal management. At the S&P Capital Markets Conference in Johannesburg, the agency’s president praised Africa’s investment potential and highlighted that it will outperform advanced economies, which are projected to see lower growth. While South Africa’s growth is forecast at just 1–1.5%, experts expressed cautious optimism, citing diplomatic efforts to negotiate lower tariffs with the United States and policy reforms under the Government of National Unity. Analysts also highlighted opportunities through strategic alliances and domestic funding that reduce foreign risk exposure. However, sluggish growth means that structural reforms—especially around state-owned enterprises and the labor market—are needed to unlock real momentum.
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