LOCAL STABILITY MEETS GLOBAL VOLATILITY

“South Africa is already seeing early signs of this. Investor sentiment has improved following the country’s removal from the global anti-money-laundering grey list and its first sovereign credit rating upgrade in nearly two decades.
“Combined with a more disciplined fiscal framework, these developments signal that South Africa’s macroeconomic environment is becoming more stable. That stability does not immediately translate into rapid growth, but it does provide the predictability that markets value highly.