We also warn of increased anti-foreigner sentiment, and its growing use as a tool of political mobilisation in South Africa.
Looking at the global economy, we discuss whether the U.S. Federal Reserve will continue to hike interest rates, and also speculate on the decline of the U.S. Dollar as an international reserve currency.
Can South Africa overcome the structural impediments to its growth, we ask?
Internationally, we look at inflation in developed markets and the unintended consequences of Russia’s invasion of Ukraine.
We also unpack a warning from a senior National Treasury official, who recently said South Africa risked becoming a ‘failing state’.
Will Russia turn to China to rescue its battered economy, we ask?
Does this mark the beginning of a new epoch in global politics, and how will the war impact South Africa?
We also look back on last week’s tabling of the National Budget, and what the Finance Minister’s speech tells us about the prospects for reform within the current administration.