South Korea Oil & Gas Q1 2019
We continue to hold a positive growth outlook for the South African IT market in 2019 and this view extends to 2022.The software and IT services segments will outperform as public and private sector organisations leverage a growing availability ofcloud-based solutions to drive cost-cutting and efficiency gains in their operations. On the hardware side, weakened purchasingpower for imported devices following currency stabilisation will result in more volatile local currency demand. However, potent risksof increased political instability and the country's credit rating could set the rand back on a steeper depreciatory trajectory, weighingrisks for our positive growth forecasts firmly to the downside.
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