SA Treads March 2017 Issue

Research and market analysis firm Nomura is predicting a relatively quiet first half of the year for South Africa, but expects things to shake up in the second half of the year as the ANCs elective conference comes into view. This according to Business Tech, which went on to say that political instability should keep growth weak, albeit stronger than in 2016.

And despite avoiding a cut to junk status in 2016, the risk remains in 2017, with a mid-and-end-year chance to be cut due to slower growth. However,
should finance minister Pravin Gordhan to be booted for his position, chances are extremely high that would lead to an instant cut to junk, Nomura warned.

Continue Reading