The extension of a fuel levy cut in South Africa will help to contain fuel price pressures in the near-term, but the extra fiscal costs come at the same time that it looks like the government will have to concede ground to unions in public sector wage talks. Meanwhile in Nigeria, the main opposition party selected its presidential contender for the 2023 elections and, with the ruling party set to take its pick next week, election season will kick off in earnest.
We are sending this Weekly two days earlier than usual because Capital Economics’ London office is closed on 2nd – 3rd June for the Queen’s Platinum Jubilee celebrations.
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