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South African Firms See Revival in Demand as Economy Accelerates
South African companies are seeing a revival in consumer demand due to the easing of power shortages and slowing inflation. This is boosting confidence and demand across sectors, aided by access to retirement funds. The IMF forecasts a 1.5% economic expansion for South Africa this year, driven by consumption and potential investment growth. However, potential trade wars initiated by US President Donald Trump may pose a threat.
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