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A watershed event for ANC and SA

February 2018 budget to be a true test for new ANC leader.

The ANC’s highly anticipated and inherently unpredictable national elective conference will have an immediate and short-term impact on markets. However, the real test for the party’s new leader will be the February 2018 budget, which will provide clarity on policy direction and the credit ratings outlook, explains John Ashbourne, Africa economist at Capital Economics.   

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