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Zuma to stand, SA activity, Nigeria fuel prices

A court decision this week in South Africa has laid the ground for former president Zuma to stand in next month’s elections and opinion polls suggest that his MK Party will become the third largest in parliament. This adds to signs that the ANC will lose its majority and, whoever it forms a coalition with, passing difficult structural and fiscal reforms will become more challenging. On a more positive note, there are at least signs that the economy is making a modes recovery. Finally, hopes in Nigeria that the Dangote refinery’s sale of diesel and (soon) petrol to the domestic market will bring down inflation are probably misplaced.

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