Market Briefing: South African political and economic concerns
Recent public disagreement in South Africa within the ruling African National Congress over the role and ownership of the country's central bank, and the release of particularly weak GDP data for the first quarter, are two recent adverse political and economic developments.
Spend 30 minutes with our economics and country risk experts as we consider the likely outcome for the Reserve Bank's position and assess how severe the current economic downturn is likely to prove. In this context, we also consider the ongoing threat of South Africa losing its domestic investment grade rating and the political and economic challenges stemming from financial problems within key state-owned enterprises, particularly Eskom.
- Brian Lawson, Senior Economic and Financial Consultant
- Langelihle P. Malimela, Senior Analyst, Sub-Saharan Africa
- Thea Fourie, Senior Economist, Sub-Saharan Africa
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The details of the report on September industrial production that feed into our GDP tracking were consistent with o… https://t.co/vfQeKSMeZd
As a result, this left our tracking estimate of third-quarter GDP growth unchanged at 1.3% and our tracking forecas… https://t.co/Gu6JJy8trF