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Brief note intended as a more regular interface with our clients. The emphasis is to provide our interpretation of important economic events, such as South African Reserve Bank interest rate statements, and key data releases, including GDP growth figures.
The ANC’s delayed decision on its Johannesburg mayoral candidate exposes a deeper problem for the party: voter loyalty can no longer be taken for granted, while internal structures remain deeply invested in factional contests over who leads. With Joburg set to be the key battleground of the 2026 local elections, the eventual choice could shape not only the ANC’s campaign, but also its post-election coalition options.
