South Africa: compromised economic stimulus credibility

Summary A trio of policy statements released September 12 by the Economic Freedom Fighters and former President Jacob Zuma compromise the credibility of the Ramaphosa administration in delivering policy stability and macroeconomic confidence. Analysis The Ramaphosa administration is preparing an economic reform package for release in October that it hopes restores confidence and growth in the South African economy.  A trio of policy statements made on September 12, however, compromise the credibility of the ruling African National Congress (ANC) in providing policy stability, let alone private business sector confidence. Economic Freedom Fighters leaders Julius Malema and Floyd Shivambu released two …

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