Africa Weekly: SA’s Budget compromise, metals tariff concerns

South Africa’s budget was finally delivered this week – but without the support of the ANC’s coalition partner, the DA. We suspect some form of compromise will be reached between the two parties to pass the budget, but this will entail fiscal slippage and heighten the challenge for the Treasury of convincing investors of its commitment to fiscal sustainability. Meanwhile the US’ tariffs on imports of steel and aluminium will affect South Africa more than others in the region, but the impact is likely to be small.