South Africa needs to press ‘reset button’ in 2018 – Mminele

Economy floundered after political instability harmed investor confidence

Daniel Mminele
Daniel Mminele, South African Reserve Bank

South Africa failed to fully take advantage of the global cyclical upswing which occurred in 2017, a deputy governor from the nation’s central bank has said.

Speaking in Germany, Daniel Mminele said the country had faced a “particularly challenging” domestic environment last year, which had “negatively” affected business and consumer confidence.

As a result, growth hardly materialised even as the rest of the world appeared to take advantage of the “relatively benign” global backdrop, where a

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