Economic Overview - The South African Reserve Bank stated that despite geopolitical tensions and ongoing trade frictions, global economic growth remains stable and resilient, with reduced market volatility [1] - South Africa's economy is currently in a stable state, with expectations for moderate growth in the near future [1] Growth Drivers - South Africa's GDP grew by 0.8% in Q2 2025, marking the highest quarterly growth rate in two years, up from 0.1% in Q1 [2] - The current inflation rate is 3.3%, expected to peak around 4% in the coming months before gradually declining to 3% [2] - The South African Reserve Bank indicated that structural reforms will support continued moderate economic growth in the coming years [2] Energy Sector Developments - The South African government approved a comprehensive resource plan aimed at addressing long-standing electricity supply issues, with an investment of 2.2 trillion rand (approximately 126.7 billion USD) [3] - By 2039, the share of coal in South Africa's energy mix is projected to decrease from 58% to 27%, while renewable energy sources will see significant increases [3] Trade Diversification Efforts - South Africa is actively seeking to diversify its trade in response to U.S. tariffs, with July 2025 exports reaching 184.3 billion rand, up from 170.7 billion rand in June [4] - Agricultural exports to Africa account for 40% of South Africa's total agricultural exports, with a focus on value-added products [4] Financial Stability and International Recognition - South Africa has been removed from the Financial Action Task Force (FATF) "grey list," indicating improved financial stability and international recognition [5] - The government aims to strengthen law enforcement and governance processes as part of broader reform efforts [5] G20 Summit Initiatives - South Africa will focus on promoting the development agenda for global South countries, particularly African nations, during the upcoming G20 summit [6] - Key priorities include enhancing disaster response capabilities, ensuring sustainable debt for low-income countries, and promoting equitable energy transitions [6]

23日，在中国宏观经济论坛(CMF)第108期宏观经济热点问题研讨会上，多位专家围绕如何"在发展中化 债，在化债中发展"等话题进行讨论，认为债务可持续应当成为地方债发展的核心理念，建议尝试建立 经济效益+社会效益双维度绩效评价体系，推动地方债提质增效。 地方债具有不可替代的作用 全国政协委员、中国财政科学研究院原院长刘尚希认为，地方债是稳定宏观经济的重要工具，在扩大政 府财政支出强度、优化财政资源配置中发挥了不可替代的作用。 他具体分析，地方债成为了财政政策传导的主要渠道，使资金直达实体经济，这些年，地方债务主要投 向交通和水利，改善了经济发展环境，同时在一定程度上拉动了投资。 专家：建议建立经济+社会效益评价体系 推动地方债提质增效 中新网9月24日电(记者 石睿)地方债是稳定宏观经济的重要工具，随着化债推进和利率中枢下移，地方 债务结构得到一定的优化。 袁海霞分析，融资平台改革转型对于化解地方存量债务压力非常关键，核心要解决好以下三个关键问 题：一是存量债务如何解决，二是新旧业务如何衔接，三是平台和地方政府之间的关系。 未来要加强地方债与国家战略协同 财政部金融司原司长孙晓霞认为，债务可持续应当成为地方债 ...