US Deputy Treasury Secretary Wally Adeyemo expresses optimism about South Africa's economy post five-day visit, encouraging addressing infrastructure challenges for potential growth.

US Deputy Treasury Secretary Wally Adeyemo expressed optimism about South Africa's economy after a five-day visit, highlighting the positive impact of cooperation between the government and businesses on the country's growth, despite challenges such as electricity shortages, dysfunctional ports, and freight-rail lines. Adeyemo stated that if South Africa could address these issues, it could surpass expectations. The US is a major investor in South Africa, with over 600 US companies supporting 230,000 jobs in Africa's biggest economy, emphasizing the importance of the relationship between the US and South Africa.

March 18, 2024
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