SA elections and inflation target, Angola debt

Electioneering in South Africa heated up this week as parties openly warned of the different scenarios that could emerge after this month’s polls. The scenario that is most worrying remains a left-wing coalition. Indeed, such an outcome would put paid to rumours that the SARB’s inflation target could be lowered. Elsewhere, Angola’s unusual cash-for-collateral agreement with China is another example of the struggles indebted countries face extracting debt relief and highlights that the threat of default in Angola remains alive.