More than twenty-five years after the end of Apartheid, South Africa still struggles to cope with its difficult past. In the late 1990s, after a hasty reconciliation process, the country started its economic transition towards more inclusion. Alas, the global financial crisis (GFC) of 2007-08 severely hampered this process and showed that there was more to be done in terms of both economic reconstruction and social/racial reintegration. Public debt quickly started rising, exposing the limitations of the young fiscal policy. South Africa is now stuck in a rut, with a revenue shortfall, slow growth and few leverage options. Against this backdrop, social distrust has risen again, hardly aiding recovery from the crisis. Worse, if the government continues to ignore climate concerns, it will still have to find solutions to unavoidable coal shortages in the medium term.
Beyond Ratings is an independent Macro-financial risk services company dedicated to country and Sovereign risks. Our team of experts and analysts builds on our proprietary risk methodology and advanced indicators. Founded in 2014, we assess countries wealth, monitor their economic and financial performance and resilience to global risks, such as energy prices and climate change. Our clients use our services for risk management, investment advisory, financial engineering and reporting requirements. Our clients are pension funds, asset managers, infrastructure funds, development banks, commercial banks and insurers.
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