AGP Executive Report
Last update: 10 minutes agoMarkets: The rand and JSE rallied as oil prices fell about 20% this week after Democrats’ US midterm victory raised hopes of an end to the Middle East conflict. Trade: South Africa’s looming loss of AGOA benefits remains a threat to exporters and jobs; Western Cape business leaders are urging urgent talks with Washington, while government seeks new markets. Local elections: Early results show the ANC losing ground, with coalition negotiations likely in key municipalities, including Johannesburg. Investors will watch whether new administrations can address service and infrastructure failures. Public finances: Treasury now puts debt at 74.6% of GDP at its peak and expects it below 70% by 2032/33, but says the improvement reflects GDP rebasing—not lower debt or new savings. Skills and investment: Home Affairs approved 71 firms for faster critical-skills visas, aiming to ease hiring and support investment.
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