South Africa to emerge from recession this year, but uncertainty remains a risk

While South Africa is expected to emerge from its recession this year, the persistent policy and political uncertainty remains the nation’s greatest challenge, negatively impacting on business and consumer confidence and blocking any economic growth prospects. The current deeply polarised and distracted political environment overshadowed structural reforms and policy certainty, hurting South Africa’s economic performance and strongly contributing to the emergence of a low-growth trap in the economy.