Since Brazil’s return to democracy in 1989, no presidential candidate has ever won the runoff election after losing in the first round of voting. But on 25 October, Luiz Inácio Lula da Silva did just that, defeating Flávio Bolsonaro by a margin of more than four million votes.
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The third edition of the KPMG Africa CEO Outlook provides insight into how African CEOs are navigating an increasingly complex business environment and positioning their organisations for future growth.
JOHANNESBURG, Oct 19 (Reuters) – South Africa’s finance minister is expected to present an improved fiscal outlook in his mid-term budget on Wednesday, with a revenue windfall bolstering a push to regain an investment-grade credit rating.
In its latest Regional Economic Prospects report, the European Bank for Reconstruction and Development (EBRD) has revised down its forecast for the Bank’s sub-Saharan Africa (SSA) economies from 5.1 per cent in the first half of 2026 to 4.8 per cent for 2026, before moderating it slightly to 4.7 per cent in 2027.
