The company hosted its midyear economic update, focusing on both international developments and SA\u2019s political dynamics.<\/p>\n
Internationally, concerns have grown around the possible effects of new tariffs from the United States and the broader slowdown in global trade. However, there was cautious optimism around SA\u2019s forthcoming presidency of the G20, which Old Mutual says could offer the country a chance to strengthen its international standing.<\/p>\n
Locally, the political climate took centre stage, with the Government of National Unity (GNU) under close scrutiny. Political analyst Prince Mashele, who spoke at the event, criticised the GNU arrangement, calling it a fragile alliance of rival political forces. He described it as \u201ca collection of political enemies pulling in different directions.\u201d<\/p>\n
Mashele went further, warning that the internal divisions within the African National Congress (ANC) have accelerated opportunistic behaviour. \u201cSome ANC officials are stepping up looting, driven by the fear that the party\u2019s dominance is slowly slipping away,\u201d he said. He also pointed to alleged links between politicians and criminal networks, describing it as part of a deeper governance crisis.<\/p>\n
Old Mutual believes that while these risks are significant, there remains potential for progress if SA leverages its leadership role in the G20 to drive reforms and attract investment.<\/p>\n
–ChannelAfrica–<\/p>\n","protected":false},"featured_media":12901,"template":"default||default","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-12900","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"South African (SA) financial services group Old Mutual says there are still positive opportunities for the country\u2019s economy, even as global growth remains under pressure and inflation persists||South African (SA) financial services group Old Mutual says there are still positive opportunities for the country\u2019s economy, even as global growth remains under pressure and inflation persists","published_date":"2025-07-04 00:00:00||2025-07-04 00:00:00","news_description":"South African (SA) financial services group Old Mutual says there are still positive opportunities for the country\u2019s economy, even as global growth remains under pressure and inflation persists||South African (SA) financial services group Old Mutual says there are still positive opportunities for the country\u2019s economy, even as global growth remains under pressure and inflation persists","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12900\/revisions"}],"predecessor-version":[{"id":18277,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/12900\/revisions\/18277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12901"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=12900"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=12900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}