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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Natasha Marrian.]

The new leadership of the ANC did not discuss President Jacob Zuma’s future on Wednesday, an official said, disappointing investors who had hoped the governing party would seek to remove him from power.

Zuma’s replacement as party leader by his deputy, Cyril Ramaphosa, in December prompted widespread expectation of an early end to his time in office, which has been marred by persistent graft allegations.

On Wednesday, the rand weakened as much as 1.7% to the dollar after the ANC said Zuma’s future was not on the agenda of its one-day leadership meeting. It later recouped some losses to close at R12.44.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.9% y/y in August 2018 (CPI) & +6.3 y/y in August 2018 (PPI)
-0.7% q/q (2nd quarter of 2018)
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