SOUTH AFRICA: Gloom settles on economy The aims of public spending cuts and structural change to improve growth sit ill with the pressure in the cabinet for radical policies Six months into President Jacob Zumas last term of office, the economic forecasts are worsening. The governing African National Congress is suffering from strategic splits in its Triple Alliance with trades unions and communists at a time of slow growth, declining state capacity, a ratings downgrade and persistent allegations of corruption against the ruling circle. Zuma and the government will probably muddle through but many feel that economic management will follow the downhill path taken by the ANCs cohesion and stature. africa-confidential/article/id/5844/Gloom_settles_on_economy
Posted on: Wed, 19 Nov 2014 20:53:07 +0000
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