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Vol 61 No 7

Published 2nd April 2020


South Africa

Cyril's double crisis

Drastic measures to contain the pandemic, coupled with the Moody’s downgrade, have strengthened the President’s hand – for now

The South African government has vowed to respond to the double shock of the coronavirus pandemic and a credit ratings downgrade by making overdue structural reforms to prevent the country defaulting on its debt. But pundits warn that at least three years of recession and economic pain lie ahead.

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