The problem next year is the right decisions will get harder as political contestation increases into the ANC’s national general council and as the centre frays, after a downgrade and calls for fiscal and monetary stimulus boil over.
All the right decisions always get made, eventually. The key question for 2020 is if the right decisions will be made before the cliff edge, or at the bottom. The cliff is partly Moody’s but also more generally the impact on growth and unemployment from not making the right decisions as business sentiment gets glued to the floor.
Three particularly crucial broad sets of decisions must be made.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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