South Africa

South Africa’s economy shrinks as election uncertainty fades

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South Africa's economy shrinks as election uncertainty fades

(Bloomberg) — South Africa’s economy is likely to remain weak in the second quarter after contracting unexpectedly in the previous three months as election worries weigh on demand. Most Read by Bloomberg Gross domestic product fell 0.1% in the three months to March, compared with a revised 0.3% increase in the previous quarter, Statistics South … Read more

Analysis-Mexico, South Africa and India deal political shock to markets

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Analysis-Mexico, South Africa and India deal political shock to markets

By Marc Jones LONDON (Reuters) – A shake-up of heavyweights South Africa, Mexico and even India in recent days has proved beyond doubt that policy can still deliver a windfall in major emerging economies. Mexico’s peso and South Africa’s rand were both still lower on Tuesday after their respective election surprises, while the prospect of … Read more