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Moody's downgrades South Africa over politics, debt | News | DW | 10.06.2017
Keywords: South Africa Economy, South Africa Zuma,
South Africa's economy in 2014-2017
12/14/2014
Deteriorating prospects for foreign investment in South Africa for 2015. Economic growth is forecast by the IMF to remain below 2.5% for years till the power situation is tackled. Growth is estimated in 2014 at a mere 1.4%, not enough to reduce high unemployment of over 25%. Lower commodity prices for mining exports, and a decline in the value of the rand reduce any benefit from lower oil prices. The government of president Zuma is seen as ineffective in tackling power shortages, and making changes at electricity company Eskom which suffers from cash shortages.
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Moody's downgrades South Africa over politics, debt | News | DW | 10.06.2017
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The Betrayal of Mandela’s Promise
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Moody's downgrades South Africa over politics, debt | News | DW | 10.06.2017
DW.COM 06/10/2017
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