Moody’s says land, mining reforms uncertainty threaten South African growth

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 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.