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…

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…

The “Old” and the “New” ANC Set to Clash in Choice of New Leader on Sunday

    The “Old” and the “New” ANC Set to Clash in Choice of New Leader on Sunday South Africa’s ruling African National Congress (ANC) expects to announce Jacob Zuma’s successor as party leader on Sunday, a spokesman said, concluding a bruising leadership battle that threatens to tear it apart before a 2019 election. The…