Johan Els
South Africa’s economy continues to struggle and faces significant headwinds in the immediate future. This despite a very supportive global environment and some improvements locally, such as a somewhat better growth picture and the support of lower inflation and interest rates. Unfortunately, medium to longer term growth prospects are not promising – and might actually be labelled dismal – in the absence of political certainty and meaningful economic reform, according to Old Mutual Investment Group Head of Economic Research, Johann Els. (more…)
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