South Africa’s post-election uncertainty continued this week, with the ANC outlining its desire for a government of national unity with a broad range of opposition parties. This looks like a non-starter, though, due to intra-party animosity; an ANC-DA tie-up seems the most likely outcome. Meanwhile, in Nigeria, a nationwide labour strike may have come and gone this week, but President Tinubu remains under fire due to high inflation. Spending pressures will persist as long as inflation remains high, meaning fiscal policy is set to remain loose. Attention will need to turn to stabilising the public finances soon.
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