South Africa will be going to the polls on Wednesday the 8th May for the sixth time since the first democratic elections in 1994 and the outcome of these elections could have a pronounced impact on markets. Why is this time different you may ask? From an economic perspective South Africa has been on a slippery slope for the last decade, with real Gross Domestic Growth (GDP) averaging below 2% per year since the Global Financial Crisis (GFC), whereas growth averaged 3.6% prior to the GFC. (more…)
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