Emerging markets economist Peter Montalto of Nomura forecasts a tough year for SA’s economy in 2016, with a presidential recall of Jacob Zuma around July a possibility after a potentially poor showing by his ruling party in the May local elections.
After Zumxit, as Montalto calls the potential recall of Zuma by the African National Congress, there could be a layer of new, more left-wing policies, including an accelerated implementation of the national minimum wage.
