EDITORIAL: Hold tight, the rough ride is on
As Trump and Brexit ructions unfold, SA should watch carefully and take action to mitigate any potential damage to our economy
High levels of uncertainty and volatility doesn’t begin to describe it. It was a week in which the US’s brand new president, Donald Trump, put paid to trade deals the US was busy negotiating. He also signed edicts halting Obamacare and putting a lid on any US-funded healthcare programmes that might mention "abortion", at the same time as he barred refugees and other migrants from seven mainly Muslim countries from entering the US. This prompted widespread protests at the weekend. And that was by no means all that the impetuous and ever more bizarre president of the world’s largest economy got up to. On the upside, the US courts have moved to enforce some semblance of constitutionalism and democracy, starting with a stay of deportations under Trump’s Muslim travel ban. Across the ocean, the UK courts ruled that parliament, not the prime minister, would have to give the go-ahead to trigger Britain’s exit from the EU, while Prime Minister Theresa May raced to be the first major world l...
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