South Africa’s economy is experiencing an economic bubble similar to the kind that precipitated the downfall of Western economies in 2008. Even though the South African economy has received a bit of attention after the Rand fell considerably to the US Dollar, some analysts foresee a looming financial crisis in a couple of years for the emerging markets, including South Africa.
After the surge of investment in emerging markets following the Global Financial Crisis, a bond bubble was created. This lead to ultra-low borrowing costs resulting in government-driven infrastructure booms, dangerously rapid credit growth and property bubbles. Analysts fear that South Africa’s weakening currency and large current account deficit, coupled with the country’s credit and asset bubbles popping will cause :
To read more on South Africa’s economic bubble, click here.
[ Source : Forbes ]
[imagesource:pexels] Section 48 of the new Property Practitioners Act came into effect ...
[imagesource:flickr] ...
[imagesource: Instagram/Kris Jenner] The Duchess of Sussex unveiled her jam to the worl...
[imagesource:usagri/flickr] Any article that begins with a headline such as this is bou...
[imagesource:remax] The best place for the end of the world seems to be in the Northern...