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The good and the bad for South Africa heading into 2025

The article from BusinessTech discusses the current economic outlook for South Africa, highlighting a mix of optimism and caution. Despite facing significant challenges like load shedding and logistical issues, there are signs of improvement with the economy showing resilience. The South African Reserve Bank (SARB) has noted that while the GDP growth forecast for 2024 has been revised upwards to 1.2% from 1%, the country still faces substantial risks. These include ongoing issues with electricity supply and logistics, which could undermine economic stability. Additionally, the article points out two major risks: the potential for a severe global economic downturn and the possibility of a sudden, sharp increase in inflation, both of which could severely impact South Africa's economic recovery. However, there's a cautious optimism as the SARB and other analysts believe that with the right policy interventions, South Africa could navigate these challenges and continue on a path of recovery.

Read the Full businesstech.co.za Article at:
[ https://businesstech.co.za/news/finance/802367/things-are-looking-up-for-south-africa-but-there-are-two-massive-risks/ ]