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Prospects for South Africa in 2024

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PROSPECTS 2024

Macroeconomic prospects depend on whether Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) achieves traction with potentially hostile audiences…

Solar offers some hope for South Africa’s power crisis

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SOUTH AFRICA

Although many businesses have adopted rooftop solar to ensure business continuity, it is primarily households that are driving the change.

Flaws will undermine South Africa's reform plan

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SOUTH AFRICA

However, although these achievements are real, they have also been relatively marginal. Moreover, according to the report, of 35 Vulindlela ‘activities’, 14 are either “delayed or…

South Africa’s challenges may overwhelm new cabinet

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SOUTH AFRICA

The need for extensive negotiations within the party and with its alliance partners, Ramaphosa’s risk averse character and a shallow talent pool meant the reshuffle got stretched…

Reform challenge may extend South Africa energy crisis

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SOUTH AFRICA

The news broke shortly after de Ruyter announced his resignation, after facing fierce criticism from Minister of Mineral Resources and Energy Gwede Mantashe. Eskom generates…

Eskom bailout will not solve South Africa power crisis

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SOUTH AFRICA

The deal will see the state assume or help pay ZAR254bn (USD13.7bn) of Eskom’s debt and comes amid a debilitating increase in breakdowns of generating capacity that mean the…

Power and reform woes will slow South Africa’s growth

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SOUTH AFRICA

South Africa’s escalating power crisis has slashed its growth prospects, with the government making only slow progress on promised reforms and the president declaring a state of…

Unrest and COVID-19 will reduce South African growth

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SOUTH AFRICA

This chokes off an unexpectedly strong economic recovery in the first half of 2021. Meanwhile, unemployment has hit a record high at 35%, or 47% according to the expanded…

Wage deal may slightly ease South African power woes

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SOUTH AFRICA

The strikes exacerbated the already-serious strain on electricity generation, leading to the highest level of nationwide power outages since 2019. Economic damage and public…