Global slowdown 'to test SA's policies'
The prevailing turmoil on international markets will greatly test South Africa's economic policies, says President Kgalema Motlanthe, adding that increased skills development, infrastructure spending and regional trade will be needed to keep the country's economy growing.
Investment more vital than ever: Manuel
With the full effects of the global economic crisis having yet to kick in, Finance Minister Trevor Manuel has spoken out strongly against any policy changes that would increase the cost of doing business in South Africa and drive away foreign investors.
Economy faces challenges: IMF
South Africa's economic fundamentals remain strong, its external debt is low and its financial system is resilient, the IMF says in its latest country report. Recent developments, however, have heightened the country's economic vulnerabilities and made its growth targets more challenging.
SA's financial system sound: IMF
South Africa's financial system is fundamentally sound, well capitalized and well regulated, the International Monetary Fund reports. However, "the system faces heightened macro-financial risks, and financial institutions are bracing for a less benign environment."
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