S. Africa faces multiple risks: South Africa Reserve Bank


  • World
  • Wednesday, 25 Nov 2020

PRETORIA. Nov. 24 (Xinhua) -- South Africa is facing multiple risks such as second wave of COVID-19, rising debt, cyber attacks and climate change, said South Africa Reserve Bank (SARB) when releasing the 2020 Financial Stability Review on Tuesday.

"There is a risk of the second wave of COVID-19. In the past half a century South Africa has not experienced economic shock of this nature," said SARB economist Alex Smith.

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