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Ramaphosa’s South African Recession Heightens Election Risk
JOHANNESBURG (Capital Markets in Africa) – President Cyril Ramaphosa’s job of getting South Africa back on track just got a lot more perilous with the surprising news that the economy has slipped into recession. He must walk a fine line between restoring investor confidence battered by almost nine years of misrule by his predecessor, Jacob Zuma, while reducing widespread poverty. And next year’s general elections are looming. The “Ramaphoria” that buoyed the markets and the public at large after…
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