07
Dec
Staff Writer The Development Bank of Southern Africa (DBSA) says the global economy remains sluggish, even though the impact of recent global trade tariffs has been smaller than expected. The bank said reciprocal tariffs disrupted trade, raised geopolitical tensions and increased the cost of doing business. Across Africa, economic prospects have improved slightly, but high debt continues to weigh on governments. DBSA warned that debt repayments are diverting funds away from development and social services, putting long-term growth at risk. In South Africa, the bank described the economic environment as fragile. Growth is held back by weak investment, persistent unemployment,…
