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Change afoot in South Africa
Weekly investor research
22 January 2018
It would seem that South African President Jacob Zuma has overstayed his welcome. Ramaphosa is likely to clean up the corruption in the government and refocus attention on economic issues. This is key to getting the stagnant economy back to growth. The latest batch of retail sales data suggests that this may already be happening. It is also a big week for politics in Brazil, where, on Wednesday, a court looks set to reject former President Lula’s appeal against corruption charges, therefore ruling him out of the presidential race. In other news, China is going solar and Kazakhstan is moving to develop its local bond market. Anaya gains in Mexico and Erdogan appears to prepare for an election by using time-honoured tactics, a lovely little war.