Image: ReutersPricewaterhouseCoopers has taken an optimistic view of the country’s growth compared to other major local and international institutions.However, the professional services firm has cited the persistent electricity shortage and underperformance of the rail and port network as having a drag on growth.
PwC’s economic growth projection closely resembles the National Treasury’s mid-term budget growth forecasts of 1.4%. PWC says the various measures taken by big businesses to mitigate the impact of load shedding have been effective.
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The rating agency has gone quite since their preferred President took over. This was a perfect non violent coup d'état.
I guess PWC got the cheek