AGP Executive Report
Last update: 11 hours agoElection Fallout: Early results point to a steep ANC decline, with the party on about 32% and the DA on 25% after more than 60% of votes were counted. The shifting balance could bring coalition negotiations to major metros and put pressure on service delivery. Markets and Trade: The JSE surged after US midterm results lifted hopes of a reset in relations, but South Africa still faces losing AGOA benefits in 2027, putting exports and jobs at risk. President Cyril Ramaphosa says the government will pursue a bilateral trade deal, while US lawmakers are urging a rethink. Business Conditions: Confidence has hit its lowest level since 2020, while private-sector activity remains in contraction and job cuts are rising. Public Finances: GDP rebasing has lowered the debt-to-GDP ratio by four percentage points, according to Treasury, but economists warn that revised statistics do not fix the country’s underlying economic problems.
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