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South Africa's Magashule will test Ramaphosa's power

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SOUTH AFRICA

Despite his arrest, Magashule has flouted a ruling that party officials charged with criminal offences must stand down. A key ally of former President Jacob Zuma (2009-18), the…

South Africa’s Eskom will weigh on economic rebound

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SOUTH AFRICA

Capacity constraints across Eskom’s power stations have resulted in sustained rotational load shedding (power outages) in recent weeks, while its debt and liquidity issues risk…

South Africa's SAA points to wider reform headaches

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SOUTH AFRICA

Uncertainty persists over SAA’s turnaround strategy, as well as that for other ailing SOEs including arms manufacturer Denel and the Land Bank. Operational problems at troubled…

South Africa faces structural reforms commitment tests

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SOUTH AFRICA

That is well above the less than 1% average growth rate over the past eight years but little more than half the IMF’s forecast for global recovery, reflecting South Africa’s…

South African parastatal reforms may underwhelm

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SOUTH AFRICA

More bailouts for Eskom and other cash-strapped SOEs come amid an ongoing exodus of senior executives. This has raised renewed questions about the willingness and ability of…

Intelligence body claims challenge Ramaphosa clean-up

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SOUTH AFRICA

The statements provided detail to supplement the findings of a 2018 review of the SSA, ordered by President Cyril Ramaphosa. The latest allegations imply a significant undermining…

Prospects for South Africa to end-2020

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PROSPECTS H2 2020

Meanwhile, the already dire state of public finances is set to deteriorate further as the economic impacts of the COVID-19 dampen revenues and increase debt, further undercutting…

Prospects for South Africa in 2023

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PROSPECTS 2023

However, debilitating strikes, escalating power outages and decrepit infrastructure have marred growth. The government’s slowness in addressing these issues, ruling party…

ANC conference should bolster Ramaphosa’s position

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SOUTH AFRICA

The election results for the party’s other ‘top seven’ positions, as well as the 80 elective positions on the National Executive Committee (NEC), also appeared largely to fall in…

South Africa’s government faces major tax dilemmas

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SOUTH AFRICA

Wealth, inheritance and ‘solidarity’ taxes are being considered -- with the latter recently flagged as one solution to pay for COVID-19 vaccine procurement and pandemic-related…