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Headwinds Growing For Economy

We are below-consensus, forecasting that South Africa's economy will growth by just 2.5% in 2014 (versus Bloomberg consensus of 3.0%). Our view is predicated on several concerning factors including...

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The Global Impact Of US Syria Strike

US airstrikes against Syria would have consequences beyond the Middle East. Despite their opposition, Russia and China may see some unexpected benefits, while North Korea will be nervous.

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Current Account To Stay In The Red

South Africa's current account deficit will remain sizeable over the coming years, with BMI predicting that it will be 6.7% of GDP in both 2013 and 2014. Inflows to the capital and financial account...

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Agreement Signed, But Framework Hollow

BMI View: The Addis Ababa 'Framework Agreement' signed on February 24 is more a statement of principles than a detailed peace plan, and we doubt it will meaningfully improve the security situation in...

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