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South Africa has much to do as risk of ratings downgrade remains South Africa still had much to do to avoid potentially being downgraded to junk status in the year ahead, with the country having already some bullets at the end of last year.
.. we have certain expectations for [GDP to improve], along with fiscal improvement. If there is no delivery in that regard, it will put pressure on the ratings, he noted.Further, Reuss pointed out that weakening institutions that impact on policy frameworks and implementation, could also negatively impact on South Africa louis vuitton attache briefcase ratings.However, he added that, as a result of the recovery in commodity and oil prices, goals that were louis vuitton agenda gm dimensions not achieved in 2016 are achievable this year, unless bad policy decision are made.He added that S would keep a close eye on State owned enterprises, the risks emanating from these entities and the pressure this would put on government fiscal and debt position. could also put pressure on the ratings, he noted.Deloitte Africa Emerging Markets Africa MD Dr Martyn Davies, meanwhile, said countries could louis vuitton neverfull handle replacement learn louis vuitton neverfull gm 100 oryginalna from their Asian counterparts, where the State is the entrepreneur, to get a similar mindset of competitiveness and entrepreneurial capability.
thing I am hoping to see in the year ahead, and our Finance Minister [Pravin Gordhan] could not even say the word last year, is privatisation. Private capital is the greatest force of development and what we are seeing is lethargic growth, a lack of agility, innovation and a lack of high performance economies on our continent largely and almost entirely due to poor management reform at State owned assets, he said.Meanwhile, Davies pointed out that, with South Africa economy still being 60% driven by its resources sector, it will need to start thinking about the macro forces that play a role and further focus on becoming an ideas driven economy.
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