SA’s economic outlook positive

POSITIVE GLOBAL growth, firm consumer
and business confidence, wage and
employment increases, growing foreign
tourism and increased foreign investment are
expected to shape South Africa’s economy in
the long to medium term.
But this may be constrained by
inadequate infrastructure, shortage of skilled
labour, HIV/Aids and the movement of the
rand exchange rate.
That’s according to the report, ‘The
South African economy by sector 2007:
medium-term prospects’ by Standard Bank,
which explores the economic outlook in
the country’s key sectors – agriculture,
manufacturing, construction and trade.