Recently Released Market Study: South Africa Infrastructure Report Q2 2013
World Cup excesses, heavy bureaucracy and continuing political wrangles have weighed heavy on South Africa's previous glories. Last quarter we highlighted factors indicating a tentative change and that view is now playing out. 2012 real growth data came in as expected on 2.5%, lending credence to our longer term outlook. However, much is left to be done to lift South Africa's struggling and debt-ridden construction sector out of its quagmire. Despite a slow return to positive territory, with a real...
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