Tables have turned on South Africa

• South Africa's economic growth forecast has been revised downward from 1.4% to 1.1% due to the impact of the war in Iran.
• The country is an outlier among emerging markets, with most expected to be more resilient than South Africa, and its economy is heavily reliant on trade and consumer spending for growth.
• The Reserve Bank's conservative approach to interest rates may help mitigate the economic impact of the war, but it also means that interest rates will remain higher for longer, potentially limiting the country's ability to stimulate growth.