South Africans should prepare themselves for a bumpy ride in 2024, despite increasing evidence of easing inflation — and in turn possible lower interest rates — as the focus now shifts to dismal economic growth projections as well as the rising level of uncertainty ahead of the country’s national elections.

The country’s kaleidoscope of macroeconomic difficulties — including the 0.2% quarter-on-quarter GDP contraction in the third quarter, intensified Eskom blackouts, Transnet bottlenecks and accelerating fuel and food prices that have been a major source of cost inflation over the past couple of years — are all properly documented...

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