Social Unrest

South Africa’s Economic Resilience Faces Social Unrest Surge

  • Despite economic resilience amid challenges like load shedding, South Africa faces an imminent surge in social unrest and violence, according to Allianz’s Country Risk Atlas.
  • The country’s strengths include modest GDP growth, stable sectors like mining and manufacturing, and fiscal consolidation efforts. However, weaknesses such as energy crisis and political tensions pose significant risks.
  • Allianz warns of escalating social unrest during the upcoming election period, fueled by diminishing support for the ruling ANC and persistent socio-economic challenges like inequality and demographic pressures.

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