Moody’s says land, mining reforms uncertainty threaten South African growth
Temitayo Ayetoto is Businessamlive Reporter.
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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.