Growing concerns about the direction of South Africa’s public finances have caused the yield curve to steepen as risk premia have risen, a trend that may continue as next year’s election approaches. This week’s BRICS summit saw Ethiopia invited to join the group, reaffirming its alignment with China and non-Western powers as it continues to unlock much needed finance to rebuild its economy. Finally, Kenya is also increasingly looking for funding on the back of rising domestic borrowing costs as concerns about the country’s ability to meet its debt obligations have failed to dissipate.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services