# Business Leadership South Africa says the country is operating from a position of relative strength amid the geopolitical tensions, which is a direct reward for eight years of fiscal discipline and structural reform. Two major rating agencies, Standard and Poor’s and Moody’s, now have the country on a positive outlook. The Reserve Bank has hiked interest rates by 25 basis points in response to rising global inflation. BLSA CEO Busiswe Mavuso says the country now needs to secure oil supply sources internationally and actively pursue favourable trade deals.
Business Leadership SA says the country is operating from a position of strength amid global shocks