Risk Alert | SA’s failing municipalities

In this week's exclusive client Risk Alert, we highlight the risk of South Africa’s dysfunctional municipalities, the majority of which are in a state of financial distress.

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Recent remarks by President Cyril Ramaphosa suggest that he may be tempted to sacrifice government pensions on the altar of failing State Owned Enterprises, we warn.

Has the U.S. Federal Reserve pricked the ‘everything bubble’ by raising interest rates too aggressively, we ask?