Allegations that South Africa sold arms and ammunition used by the Kremlin in its war against Ukraine sent shockwaves through the financial markets and caused the rand to collapse last month.
JOHANNESBURG - Some economists believe investor sentiment is yet to recover from the impact of South Africa's geopolitical spat with the United States over the country's perceived alliance with Russia.
The North West University Business School released the latest policy uncertainty index -- which paints a grim picture. This is among the factors that it understood to have contributed to the elevated policy uncertainty index in the second quarter - which now sits at 76.2%."Post-1994 South Africa was a darling in terms of its ability for peacekeeping and its global governance but it's quite clear that over the years, it has lost that impressiveness."
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