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Politics and policymaking in SA: stirred or shaken?

South Africa’s political turmoil that severely endangered President Cyril Ramaphosa’s position has already shaken the country’s financial markets. In part, this is related to the prospect of the ruling party attempting to shore up its dwindling support by tilting fiscal policy in a looser direction. Fiscal slippage will merely keep the Reserve Bank in tightening mode for a while longer.

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