Land, mining uncertainty threatens South Africa’s growth – Moody’s

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Johannesburg, June 26, 2018 – International rating agency, Moody’s, on Tuesday said uncertainty around land and mining reforms might hinder South Africa’s growth.

Moody’s Analyst and Senior Credit Officer, Lucie Villa, said in a research report in Johannesburg that the reforms had remained a concern for investors.

Villa said that weak business confidence could limit the country’s economic growth prospects.

“Uncertainty over how this (land reform) will be achieved continues to limit near-term investment.

“(It) could ultimately lead to a more pronounced fall in investment should the final terms of land reform be particularly onerous to businesses,” Villa said.

– (Reuters/NAN)