South Africa Escaped Recession in 2017. So What? It’s Still in a Pickle.

Encouraging data give weight to Finance Minister Nhlanhla Nene’s statements on South Africa’s growth forecasts Economic growth accelerated for the first time in four years in 2017, with continued strong recovery in agriculture, giving weight to Finance Minister Nhlanhla Nene’s statements that growth forecasts will probably be revised upwards. Revisions to historical data in combination…

Ramaphosa Set to Fire Malusi Gigaba as SA Finance Minister Before Budget

Speculations are rife that South Africa’s new President Cyril Ramaphosa will reshuffle the cabinet and replace Finance Minister Malusi Gigaba before the 2018 presentation of the budget to parliament on Wednesday. Ramaphosa was sworn in as head of state on Thursday after his scandal-plagued predecessor, Jacob Zuma, reluctantly resigned on orders of the ruling African…

Ramaphosa’s Priorities: Big Government Confronts Capacity and Vested Interests

The much-anticipated State of the Nation Address (SONA) by South Africa’s new president, Cyril Ramaphosa has come and gone. While the deserved euphoria lasts, one critical discernible theme in the SONA is the yawning gap in “capacity” to manage public institutions. Unsurprisingly, President Ramaphosa assured that he’d be embarking on a complete overhaul of state-owned enterprises…

What Do You Know About South Africa’s New International Arbitration Act (2017)?

What do you know about the South African International Arbitration Act No. 15 of 2017? The Act which sailed through the National Council of Provinces in November 2017 and was assented to by the President on December 19th commenced December 20th. The Act regulates international arbitration proceedings and the enforcement of foreign arbitral awards and…

ANC Leadership Race: Cyril Ramaphosa Wins; Jacob Zuma in Trouble!

  ANC Leadership Race: Cyril Ramaphosa Wins; Jacob Zuma in Trouble! Cyril Ramaphosa was elected leader of South Africa’s ruling African National Congress on Monday, threatening President Jacob Zuma’s grip on power after the most divisive vote in the party’s history. Mr Ramaphosa, the deputy president, defeated Nkosazana Dlamini-Zuma, Mr Zuma’s former wife, whom the…