During a conference, Sarb Governor Kganyago blames load shedding and poor logistics infrastructure for the lack of economic growth in South Africa. He also highlights the high government debt as a contributing factor.
Sarb Governor blames load shedding and poor logistics infrastructure. Kganyago delivered the keynote address at the Financial Sector Conduct Authority (FSCA) Industry Conference in Bryanston, Johannesburg on Wednesday. The two-day conference aims to share insights on evolving trends in conduct regulation and their implications for the financial sector. During his speech, Kganyago said the country’s economy had not grown much in recent years, showing a marginal 0.6% growth in 2024.
“Our economy is also not growing, and there are many signs that our living standards are falling. The gap between South African growth and world growth is now double its longer-term average. We are falling behind.”“A big reason for this is that other places have functioning rail networks, ports and electricity – something that we lack.”Another pain point Kganyago noted is high government debt which he explained had grown rapidly, consequently causing SA to lose its sovereign investment grade credit ratin
Sarb Governor Load Shedding Poor Logistics Infrastructure Economic Growth South Africa Government Debt
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