Doing business in South Africa is favourable for now, according to a study on economic freedom by the Heritage Foundation and The Wall Street Journal. But three Johannesburg businessmen warn that rising stock prices are reducing profit margins and can stifle trade.
South Africa has done enough to prevent its debt from being downgraded to junk by S&P Global Ratings and Fitch Ratings, Finance Minister Pravin Gordhan told Bloomberg TV on Wednesday.
Building South Africa's reputation in Africa will take effort from business and the government, as well as all South Africans, a research seminar on the nation's reputation hears. While South African businesses were respected in other African countries, South Africans were at times perceived as imposing and aggressive.