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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.
Dr Adrian Saville, CIO of Cannon Asset Managers, on the keys to economic development and growth.
The South African economy has been under severe pressure for a number of years. While other developing markets are achieving economic growth of close to 6%, South Africa has to be content with growth of close to 2%, possibly even 3% if all the pieces fall correctly into place.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?