Treading the fine line

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Johannesburg - The end of the worst drought in decades and the onset of an anticipated improved food supply are set to boost local economic growth in 2017.

A much bigger maize crop and a drop in food prices will also have a positive effect on food inflation and, in turn, consumer inflation. This could result in the first interest rate cut in the second half of 2017.

At the same time, the prospect of a downgrade in South Africa’s credit rating to sub-investment grade will continue to haunt the country in 2017, especially if the economy continues to stutter or moves into a recession.

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