In the following article, we provide an update on the economic outlook for South Africa (NYSE:EZA) following some important recent events. Specifically, we reference the reappointment of Lesetja Kganyago as South Africa’s central bank governor for another five-year term. The news was positively received by the country’s financial markets as well as business media. As the article indicates, there has been some growing tension in the country regarding the central bank’s mandate as well as the efficacy of monetary policy over the past few years, reflective of the country’s ongoing economic stagnation.
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