{"id":57551,"date":"2023-12-04T17:39:02","date_gmt":"2023-12-04T17:39:02","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024"},"modified":"2023-12-04T17:46:54","modified_gmt":"2023-12-04T17:46:54","slug":"the-risks-to-south-africas-economy-going-into-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024","title":{"rendered":"The risks to South Africa\u2019s economy going into 2024"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>General elections due in 2024 are among the key risks facing South Africa\u2019s economy, said Reserve Bank Governor Lesetja Kganyago.<\/p>\n

Politicians adopting a populist tone ahead of the presidential and legislative vote may create uncertainty among foreign investors, undermining the case for investing in South Africa, Kganyago said in an interview with the Johannesburg-based City Press newspaper.<\/p>\n

South Africa is expected to hold general elections by May.<\/p>\n

\u201cI think by now we\u2019ve had enough elections to know that, around this time of the season, there are these kinds of noises,\u201d Kganyago said, referring to \u201cmuddy noise about institutions and so forth.\u201d<\/p>\n

Global interest rates that are expected to remain higher for longer, along with geopolitical tensions, including Russia\u2019s conflict with Ukraine, are also a threat to the outlook, Kganyago said.<\/p>\n

In addition, South Africa faces \u201cidiosyncratic risks,\u201d including the electricity crisis \u2014 the nation has been subjected to record power outages this year \u2014 and logistics bottlenecks stemming from problems at the nation\u2019s ports and railways, he added.<\/p>\n

The constraints \u201chave implications not just for growth; they could also have implications for prices because we might not be able to get the important material we may need to produce,\u201d Kganyago said.<\/p>\n

\u201cBut they could also have implications because we\u2019re not capable of taking advantage of our markets since we can\u2019t get the bulk commodities out to market.\u201d<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. General elections due in 2024 are among the key risks facing South Africa\u2019s economy, said Reserve Bank Governor Lesetja Kganyago. Politicians adopting a populist tone ahead of the presidential and legislative vote may create uncertainty among foreign investors, undermining the case for investing in South Africa, Kganyago said in an interview with […]<\/p>\n","protected":false},"author":84,"featured_media":57550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,275],"class_list":["post-57551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nThe risks to South Africa\u2019s economy going into 2024 - South Africa<\/title>\n<meta name=\"description\" content=\"General elections due in 2024 are among the key risks facing South Africa\u2019s economy, said Reserve Bank Governor Lesetja ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The risks to South Africa\u2019s economy going into 2024\" \/>\n<meta property=\"og:description\" content=\"General elections due in 2024 are among the key risks facing South Africa\u2019s economy, said Reserve Bank Governor Lesetja ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-04T17:39:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-04T17:46:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/12\/sm_1701699283.727145.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"The risks to South Africa\u2019s economy going into 2024\",\"datePublished\":\"2023-12-04T17:39:02+00:00\",\"dateModified\":\"2023-12-04T17:46:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/12\/sm_1701699283.727145.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/the-risks-to-south-africas-economy-going-into-2024\",\"name\":\"The risks to South Africa\u2019s economy going into 2024 - 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