South Africa: political risk & Nene’s MTBPS
- September 4, 2018
- - 4:05 pm
Summary There are seven weeks until South African Finance Minister Nhlanhla Nene delivers his Medium Term Budget Policy Statement. Facing an economy now in recession places renewed pressure on Nene, but an evolving ANC-EFF electoral coalition raises the political risk of the finance minister’s constrained economic choices. Analysis Finance Minister Nhlanhla Nene stated September 4 that the South African government will have a plan for economic recovery in place by the time he delivers the Medium Term Budget Policy Statement (MTBPS). Nene’s statement followed the release of data by Statistics South Africa that indicated the country entered economic recession, it’s …
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