South Africa’s Inflation Heads North despite Economic Slowdown
Agricultural output was reduced due to adverse weather conditions that made food prices soar. Let’s look into some key reasons for the high inflation.
Unemployment Remains a Major Concern for South Africa
South Africa’s unemployment rate was as high as 25% in 2015. The high unemployment rate has been a serious issue in the country for several years now.
Mining and Agriculture Sectors Distressed in South Africa
The mining and quarrying industry in South Africa witnessed sharp falls. Possible reasons include falling commodity prices globally and weakened demand.
An Overview of the South African Economy’s Structure
The finance sector here consists of finance, real estate, and business services. The South African economy depends heavily on the manufacturing sector.
The Commonwealth Africa Fund: Consistently Negative Returns
Since its inception in November 2011, the Commonwealth Africa Fund has had a return of -4.3%. Given the poor returns, investors are unwilling to invest in the risks of Africa.