South Africa: ANC, constrained to reverse the rand slide

Editor’s note: for an unembargoed copy of this analysis please send a request to support@geomarketsafrica.com. Summary The South African rand has steadily depreciated under African National Congress rule, falling sixteen percent in the span since Cyril Ramaphosa became the country’s president. Economic policy priorities divide the ANC, but a consistent defense of the ruling party’s political imperatives remains the guidance for South Africa’s political economic outlook. Analysis The South African currency, the rand (ZAR), fell on August 15 to an exchange rate value of 14.6 to the United States dollar. The steady depreciation of the rand under African National Congress …

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