Alongside Venezuela, South Africa is one of the few countries that is not part of the longest phase of synchronised global growth we have seen for a good while. Jeremy Gardiner, a Director of Asset Management at Investec, told Dynasty clients at an exclusive presentation that this reflects that many of South Africa’s problems are domestic…
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President Jacob Zuma remains in office after surviving the motion of no confidence vote last week. The US and North Korea had a bizarre to and fro of nuclear threats only to have Kim Jong-un reply diplomatically – this appeared to please Donald Trump. Continue reading for a roundup of the past week’s news highlights.
Investors should expect uncertainty to prevail in South Africa beyond the parliamentary vote of no confidence in President Jacob Zuma taking place today and the ANC elective conference in December this year, according to Trevor Manuel, South Africa’s former Minister of Finance.
White House Communications officer, Anthony Scaramucci, was last week removed from his job after just 10 days – he is one of 10 people who have resigned or been fired from their position in the Trump Administration. Keep reading for more weekly highlights.
This week, the IMF released new international growth forecasts, the Republicans tried yet again to repeal Obamacare, and the South African Reserve Bank cut the repo rate by 25 basis points.