South Africa Investor Risk Grows After US Ambassador Russia Remarks

Written by on May 14, 2023

Investors have spent months fretting about everything from South Africa’s daily blackouts to inadequate laws on terror financing and political instability before next year’s elections. Now they have a new concern: geopolitical tensions.

On Thursday, US Ambassador Reuben Brigety accused South Africa of supplying weapons to Russia. The allegation escalated growing tensions over South Africa’s refusal to back the US stance on Russia’s war with Ukraine, and the African nation’s deepening relationship with the BRICS economic bloc. President Cyril Ramaphosa said his government was probing Brigety’s claim and called his remarks . . .

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