This year is promising to be another year filled with uncertainty, job losses, pension reforms, and economic challenges in South Africa. Big corporations are announcing retrenchments, adding to the country's high unemployment rate. The South African Reserve Bank has labeled the challenges in the domestic economy as 'domestic idiosyncrasies', increasing the country's risk premium.
This year is promising to be another year filled with uncertainty, punctuated by job losses , pension reforms , transformation of the health system and continued lack of economic growth and a hint of socio-political unrest as the country goes into a crucial election that maybe a watershed election if what some political parties’ slogans are anything to go by, that have dubbed this year’s election - “2024 is our 1994”.
Big corporations including those in mining and media have announced retrenchments which will add to the country’s high unemployment rate and reduce the middle class as slow economic growth globally and domestically impact company profits. Most of the challenges in the domestic economy are self-made, said the South African Reserve Bank (Sarb). It has labelled them “domestic idiosyncrasies”, that have increased the country's risk premium making capital expensiv
South Africa Uncertainty Job Losses Pension Reforms Economic Challenges Retrenchments Unemployment Rate Domestic Economy Risk Premium
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