Drought pushing South Africa to the brink of recession - Moody's

South Africa's worst drought on record risks tipping an already weak economy into recession as rising agricultural imports feed into rising inflation, ratings firm Moody's said on Tuesday.

"The worst drought on record in South Africa is aggravating the ongoing economic slowdown, threatening near-zero growth if not a recession in 2016," said Moody’s Senior Vice President and lead analyst for South Africa Kristin Lindow.