WEDNESDAY, 8.30AM
THE US economic forecasting and consulting service DRI/McGraw Hill, reported on ten major emerging markets yesterday, ranking South Africa the riskiest of them.
The report ranks each country against 50 variables, ranging from government policies to political and economic risks, and deems South Africa risky because unemployment is increasing while economic growth slows; inflation has not been curbed; consumer debt has reached “dangerous proportions” and key areas like mining and agriculture are stagnant.
Other countries on the list include Argentina, Poland, Mexico, Turkey and India, which have all received favourable “report cards.”