South Africa Domestic Overview
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Investors have had disappointing returns from domestic equities this year after a promising start. South Africa (SA) is now in a recession and the global backdrop is no longer as supportive, so President Ramaphosa will have his work cut out to instil a new sense of confidence to ignite growth. His stimulus package and a revised mining charter are good signs, but scepticism dominates markets. Hope alone is not– implementation is required. Where might be the turning point?