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Local Press Writes Critically on International Trade Policy

SOUTH AFRICA
  • Mail & Guardian run a critical piece on the country’s trade policy, writing that export growth is slowing relative to imports, with the value exported in ZAR terms not increasing to match the depreciation of the ZAR against the EUR and the USD. Permanent and sustainable resolves are now required to solve these issues, address the economic gaps and other political deficits.
  • Late yesterday, the government released their 2023 integrated resource plan for public comment. The plan shows that the nation needs significant new power capacity over the coming decade, with renewable energy unable to guarantee the security of supply.
  • No key South African data due Friday, with focus instead on next week’s manufacturing production numbers for November.

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