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.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services