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UPDATE 1-South Africa's weak growth could fuel socioeconomic tensions - Moody's


By Reuters Staff
(Adds quotes from interview with Moody’s analyst, background)
JOHANNESBURG, May 18 (Reuters) - South Africa’s low economic growth and rising debt burden could see socioeconomic tension intensify and impede policy reforms, ratings firm Moody’s said in a research note on Tuesday.
The note, an extract from the credit firm’s annual report published on Monday, said South Africa’s credit profile was balanced, with its low level of foreign currency debt and strong core of institutions counting in its favour.
“Credit challenges include structurally very weak growth and a high government debt burden that will continue to rise without comprehensive economic and fiscal reforms,” Moody’s said. ....

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UPDATE 3-Ghosn gets $6 million bill as Nissan-Mitsubishi case backfires


Former chairman had demanded 15 mln euros in damages
Dutch case centres around payments from Amsterdam-based JV
Ghosn to file appeal (Adds announcement of appeal by Ghosn’s spokesperson)
AMSTERDAM, May 20 (Reuters) - Fugitive former car executive Carlos Ghosn suffered a setback on Thursday when a Dutch court ordered him to repay 5 million euros ($6.1 million) in wages to Nissan and Mitsubishi in a case he had brought.
The case, one of a series of legal battles involving one of the best known figures in the auto industry, centres around the Dutch-registered joint venture Nissan-Mitsubishi BV (NMBV), where Ghosn was ousted as chairman in 2019. ....

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