South Africa

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While the alarm bells are not ringing, local and international analysts have voiced some concern over South Africa's economy this month, warning of the country's vulnerability to global fluctuations.
South Africa's ongoing electricity shortages, which have resulted in widespread blackouts and industry shutdowns, are having an increasing impact on the economy, hitting at productivity and consumer confidence, and threatening to push up the country's already high inflation rate.
While South Africa's banks are meeting, and exceeding, their targets for providing low-cost home loans, ongoing electricity shortages, rising costs and a persistent lack of skills are combining to hamper residential construction.
South Africa's shortage of skilled workers is having an increasing impact on the country's economy, with state and private businesses struggling to fill crucial positions.
South Africa's tourism industry enjoyed a bumper year in 2007, with record high arrivals and solid increases in visitors from most of its traditional markets.
South Africa's government is working to respond to a growing wave of scandals involving price fixing in some of the country's core sectors, announcing it would tighten legislation to combat business practices aimed at restricting competition in the marketplace.

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