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- 18th Edition Connected Banking Summit – Innovation & Excellence Awards - West Africa 2024.
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South Africa’s Economy Diagnosis: Welcome To Stall Speed
LAGOS (Capital Markets in Africa) – Growth in South Africa is likely to hit stall speed in 2016, at a barely positive 0.3%Y, by our estimates. Yet even as a Brexit-induced global growth shock further complicates the outlook, we see currency prospects as less concerning. The SARB is on hold for the foreseeable future, in our view. A revised GDP data series combined with our views of economic stagnation in several developed markets in 2017…
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