Internationally, the focus of the past week was on US GDP growth in Q1 and personal consumption expenditure (PCE) inflation data for March. US GDP growth, at 1.6% q/q annualized, was below consensus forecasts of 2.5% and below Q4 growth of 3.4%, largely reflecting an increase in imports and a contraction in inventories.
In SA, the latest Ipsos poll ahead of the May National Election showed that the ANC, with likely support of about 40%, will probably need to form a coalition with smaller parties, while the recently-emerged MK Party appears to have won ground at the expense of the EFF.
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