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Adrian Saville, CIO of Cannon Asset Managers, looks at ways to boost the South African economy.
“The outlook remains bleak”
Standard & Poor's said that it sees signs of change in the corporate lending landscape in South Africa, in a report published today, "Tough Conditions, Strong Potential: South African Corporate Credit Outlook."
The first positive BankservAfrica Economic Transaction Index (BETI) in six months shows that the South African economy recovered in October. Despite the low 0.2% reading, it is the best number in seven months, and the monthly change which increased by 0.6% on September makes for quite positive reading.
The strongest deterrent against FSP compliance missteps is or should be: