Irene Lauro

Economist, EMEA Research
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Managing Director, Chief Economist
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South Africa: Gordhan saga – no threat for the economy

Overview

The political storm involving Finance Minister Gordhan has the potential to threaten the country’s strong institutional framework, as he plays a key role in ensuring the Treasury’s credibility. The rating agencies are due to make their next decision in December. Although their main focus will be on the economic outlook, any deterioration in the political climate will also influence their...

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