And what's behind this really chiefly is all of the disruptions we've seen in the energy sector and also in logistics and transportation, freight and ports in Africa, in South Africa. And so we also would come in, we were talking about the need for fiscal consolidation for South Africa. So, Yvonne, we heard a little bit there from the IMF's chief economist about South Africa. Just to give context, South Africa, Nigeria account for 40% of GDP in the region. The two other things for South Africa, we had power concerns.
Source: The North Africa Journal February 02, 2024 10:30 UTC