Africa
INTERNATIONAL rating agency, Moody’s, on Tuesday said uncertainty around land and mining reforms might hinder South Africa’s growth.
Moody’s Analyst and Senior Credit Officer, Lucie Villa, said in a research report in Johannesburg that the reforms had remained a concern for investors.
Villa said that weak business confidence could limit the country’s economic growth prospects.
“Uncertainty over how this (land reform) will be achieved continues to limit near-term investment.
“(It) could ultimately lead to a more pronounced fall in investment should the final terms of land reform be particularly onerous to businesses,” Villa said. (Reuters/NAN)
– Jun. 26, 2018 @ 13:05 GMT |
Tags: Land mining uncertainty threatens South Africa’s growth – Moody’sRelated Posts
Most Read
BusinessRenowned journalist Gary Al-Smith joins Sporty Group as Regional Content Lead in GhanaBy editor1 MIN READ
BusinessAfreximbank participates in Bank of Industry Nigeria’s syndicated facility of up to EUR 2-billionBy editor1 MIN READ
