South Africa’s coalition government could receive crucial financial relief ahead of October’s budget thanks to soaring platinum prices and higher mining royalties, according to Old Mutual Investment Group. The fragile alliance between the African National Congress and Democratic Alliance faces mounting pressure to balance competing party interests without resorting to tax rises or spending cuts that might destabilise the partnership. However, South Africa’s position as the world’s dominant platinum group metals producer offers potential salvation. Platinum prices have reached their highest levels since August 2014, ... (full story)