An address by Lesetja Kganyago, Governor of the South African Reserve Bank, at the South Africa Tomorrow Conference, New York, 1 November 2018 South Africa’s adjustment path Good morning, ladies and gentlemen. Thank you for the opportunity to share a few thoughts with you today. Last year, we had a Goldilocks global economy.
The low ratio of inward investment basically reflects that overseas firms consider investment in Japan as having low profitability. The other side of the coin is that Japanese firms are doing business in the market with such low profitability.