INFRASTRUCTURE AFRICA Business Forum To Provide Solutions For Africa’s Socio-Economic Challenges

The International Monetary Fund, after a visit to the country in June, warned South Africa that its economy “is extremely vulnerable to external shocks and funding shortfalls.” The Fund added that current political and domestic factors could exacerbate the situation, “especially if accompanied by further downgrades of local currency sovereign credit ratings to below investment grade.” The Fund also said political uncertainty and instability would affect investor and business


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