We are at the beginning of the end of the budget crisis today (though given how the budget law works it was a process, political and reputational crisis — not a fiscal, credit or funding crisis).

We are also at the end of the beginning of the foreign policy crisis as things move out into the open, direct and face-to-face with the US. We shall see today if SA either falls into a huge expectations management crisis and if the naivety of much of the government’s pre-trip communications turned out to be at odds with how President Donald Trump works. ..

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