S&P eyes possible post-election reforms for SA investment revival

S&P Global Ratings said it’s closely monitoring the outcome of South Africa’s elections next week and subsequent government policies to address issues from crime to energy supply that have deterred investment.

Foreign direct investment remains low, Gupta said, a troubling sign for a country with high development needs. Infrastructure bottlenecks in particular, especially in railway capacity and port congestion, remain significant constraints on growth, S&P’s Gupta said. S&P projects South Africa’s economy to grow 1.1% in 2024, with a slight increase to between 1.3% and 1.4% from 2025 to 2027.

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