There have been some positive developments of late that should create stability for President Cyril Ramaphosa and his government as they tackle economic and political challenges.

While concern about a government debt crisis in the near term has subsided, several unresolved issues continue. These are keeping the sovereign risk premium on longer-term government debt embedded at elevated levels. Furthermore, the president’s indirect, low-risk approach is bearing fruit, in consolidating his power base and furthering his policy strategy, including tackling corruption...

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