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Overview of the South African economy

· Lesetja Kganyago, Governor of the South African Reserve Bank (South Africa)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, public finances and debt, development and emerging economies, growth, investment and productivity

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· Lesetja Kganyago Wiki · South African Reserve Bank WikiOverview of the South African economy

ContextAddress by Lesetja Kganyago, Governor of the South African Reserve Bank, at the 103rd annual ordinary general meeting of the SARB shareholders, Pretoria, 28 July 2023.

Why it mattersKganyago lists power shortages and greylisting as threats to the economy.

Problems raised
  1. South Africa faces high inflation and low growth.
  2. Electricity shortages harm the economy.
  3. Greylisting by FATF and rising debt costs add risks.
Solutions proposed
  1. Keep inflation under control.
  2. Tackle electricity supply problems.
  3. Exit the FATF grey list through reforms.
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