Ramaphosa's South African Recession Heightens Election Risk
- Failing economy gives opposition ammunition before vote
- President has failed to rebuild confidence, analyst Silke says
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President Cyril Ramaphosa’s job of getting South Africa back on track just got a lot more perilous with the surprising news that the economy has slipped into recession.
He must walk a fine line between restoring investor confidence battered by almost nine years of misrule by his predecessor, Jacob Zuma, while reducing widespread poverty. And next year’s general elections are looming.