South Africa's economic growth undershoots expectations [Yahoo! Finance]
NEDBANK GROUP LTD S/ADR (NDBKY)
NASDAQ:AMEX Investor Relations:
nedbank.co.za/content/nedbank/desktop/gt/en/aboutus/investor-center/latest-financial-results.html
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Source: Yahoo! Finance
President Cyril Ramaphosa's administration in tackling a long list of urgent tasks amid geopolitical shocks. Though expansion was the fastest in three years , Africa's most industrialized economy has hardly grown in more than a decade, leaving it with crumbling infrastructure and the need to create jobs in a country where one in three are unemployed . The government has launched the biggest post-apartheid overhaul of the electricity and rail networks in a bid to attract private sector capital to tackle these challenges. Further clouds are on the horizon: Nedbank, South Africa's fourth-largest bank, warned that the Iran war “could again lead to a global supply-side shock,” which could “stoke inflation and force the central bank to reverse course.” The finance ministry already said this week it may have to revise its fiscal plan as a result of the conflict. South Africa's annual GDP growth rate. — Tiisetso Motsoeneng Recommended Stories
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