South Africa resilient despite global shocks, survey shows

Trade credit insurance company Allianz Trade says its latest quarterly Country Risk Atlas found that South Africa demonstrates external resilience to shocks, with abundant international reserves, a flexible exchange rate and limited external debt in foreign currency. South Africa's strengths lie in its positive economic performance, despite challenges such as modest employment rates, loadshedding and critical infrastructure backlogs being identified as the main risks facing the country, it says.