17
Dec
Staff Writer Investor confidence in South Africa has strengthened recently, supported by positive domestic and global developments, the South African Reserve Bank has said. These include South Africa’s removal from the Financial Action Task Force grey list, a more supportive fiscal outlook outlined in the 2025 medium-term budget policy statement, the formal adoption of a 3% inflation target, and an upgrade of the country’s foreign currency sovereign credit rating by S&P Global Ratings. The rating upgrade was South Africa’s first in two decades. Easing global trade tensions and higher commodity prices, particularly for gold and platinum group metals, also supported…
