South Africa Yields Hit 2-Year Low as Economy Turns a Corner
- Increased policy stability helps reduce bond yields to 10%
- Infrastructure spend big focus for government, says Mashatile
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South Africa’s benchmark bond yield fell below 10% for the first time in more than 2 years as the nation’s deputy president amplified growing confidence that the continent’s biggest economy is turning a corner.
“We think that by next year we could be growing about 1.5%,” Paul Mashatile said in an interview with Bloomberg Television in London.