The Paris-based Organisation for Economic Co-operation and Development says it remains “more optimistic” about SA’s growth prospects as it expects private investment to rise as companies replace increasingly obsolete capital stock.
OECD secretary-general Mathias Cormann said social transfers, better employment prospects and falling savings rates are expected to sustain private consumption in SA even in the face of high inflation and tighter financial conditions in 2023/2024...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.