From bad to worse for South Africa?

Last year was not a good one for South Africa. The economy barely grew, which is especially bad news in a country with an official unemployment rate of 27%. The scandal-prone president, Jacob Zuma, and his cronies kept trying to edge out finance minister Pravin Gordhan, who is trying to contain government spending and mismanagement at state-owned companies. South Africa narrowly avoided being downgraded to junk by credit-ratings agencies, and Zuma had to fend off a bid to oust him by his ruling ANC party. New anti-money-laundering laws have been delayed, adding to a damaging sense of drift [...]

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