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South African economy faces severe recession in 2020

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SOUTH AFRICA

The announcement will put further pressure on South Africa’s already stressed financial markets. The rand and bond prices fell sharply yesterday, raising questions about whether…

Prospects for Nigeria to end-2020

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PROSPECTS H2 2020

This has increased pressure on President Muhammadu Buhari’s government to fast-track reforms amid worsening unemployment and inequality. Meanwhile, ongoing security crises…

Economic plans may not stir South African government

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SOUTH AFRICA

Amid a surge of COVID-19 infections, however, the government appears focused on the health rather than the economic aspects of the crisis.

Zimbabwe economic crisis may escalate further

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ZIMBABWE

Since the abandonment of the multi-currency regime in June, the new Zimbabwe dollar has lost almost 60% of its value relative to the US dollar. The parallel market for foreign…

South African 2020 budget may delay Moody's downgrade

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SOUTH AFRICA

While the measures have been welcomed by investors, they depend on Pretoria reaching a deal with civil servants, whose unions have denounced the government’s plans.

Prospects for South Africa in 2020

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PROSPECTS 2020

Prospects for South Africa in 2020.

South African budget plans may prove too ambitious

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SOUTH AFRICA

However, the MTBPS relies even more heavily on getting powerful public-sector unions to agree to unprecedented wage freezes over the next three years, putting its credibility in…

Angola's renewed China dependence will bring more pain

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ANGOLA

However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…

Prospects for South Africa in 2021

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PROSPECTS 2021

Yet market sentiment remains sceptical of Pretoria’s ability to deliver on the package, implement steep and politically contentious expenditure cuts and boost growth. Meanwhile, a…

Nigerian economic plan will sidestep difficult choices

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NIGERIA

Recently, the IMF published its annual country surveillance report on Nigeria, which warned of serious consequences from “insufficient” policies proposed in the government’s newly…