D9A3 (SA lagging behind) Flashcards
South Africa is no longer TOP dog on the African continent
What ranking did South Africa receive in RMB’s “Invest in Africa 2024”?
South Africa slipped to 4th place behind Seychelles, Mauritius, and Egypt.
In which categories did South Africa rank last?
GDP growth
Income inequality
Unemployment rate
What is South Africa’s only top ranking?
Forex stability and liquidity
Which country overtook South Africa for the best-rated sovereign debt?
Ivory Coast.
What did Egypt rank the highest in?
Economic output
What is South Africa’s expected GDP growth in 2024, and how does it compare to the rest of the African continen
South Africa is expected to grow at only 1%, while the African continent is expected to grow at 3.8%
Who is the CEO of Standard Bank and what did he note about the bank’s operations in the rest of Africa compared to South Africa?
Sim Tshabalala
Standard Bank achieved 49% growth in African operations versus 3% growth in South Africa
What challenges are hampering Standard Bank’s growth in South Africa?
Energy and logistical issues
What is the projected growth rate of the African continent in 2024?
3.8%
How has South Africa’s economy performed over the past decade?
It has remained stagnant, with only 1% GDP growth annually
What renewed investor optimism in South Africa for 2024?
The formation of the Government of National Unity (GNU)
The need for significant reforms for economic turnaround.
Which South African business is thriving in Mozambique but struggling domestically?
Southern Sun
