What to expect in South Africa heading to the end of 2020 – including a possible cabinet reshuffle: analysts

While support for President Ramaphosa appears to be at recent-highs, the real test is likely in the next three months as focus shifts to risks of localised lockdowns, wage negotiations, cost-cutting measures and narrowing room for stimulus.

This is the view of analysts at Bank of America (BofA) which held a recent conference with local and foreign investors about the challenges currently facing the country.

The group forecast a 10.3% recession this year for South Africa, with a main fiscal deficit of 14%. It also expects debt to remain on an upward trajectory, even with some cost-cutting…

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