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South African budget prompts cheer and wider divisions

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SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…

South Africa faces fiscal reform challenges

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SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

South African budget plans may prove too ambitious

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SOUTH AFRICA

However, the MTBPS relies even more heavily on getting powerful public-sector unions to agree to unprecedented wage freezes over the next three years, putting its credibility in…

South African 2020 budget may delay Moody's downgrade

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SOUTH AFRICA

While the measures have been welcomed by investors, they depend on Pretoria reaching a deal with civil servants, whose unions have denounced the government’s plans.

South African Reserve Bank will reaffirm independence

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SOUTH AFRICA

Although the bank has acted on various fronts to support the economy, including a limited bond-buying programme, it continues to resist calls for full-blown quantitative easing…

Kenya development outlook shifts to the private sector

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KENYA

Kenya budgetary and fiscal outlook.

Tough South Africa budget may keep downgrade at bay

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SOUTH AFRICA

The budget framework presented on February 20 provided a record 69-billion-rand (5-billion-dollar) rescue package for ailing power utility Eskom over three years. Despite measures…

Zambian government will reiterate tough mining stance

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ZAMBIA

The Zambian authorities have introduced a range of new taxes and royalties to try to capture a higher share of a rising copper price and help ease the government's burgeoning debt…

South African entrenched interests could stifle reform

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SOUTH AFRICA

Although this was above market expectations and the economy has avoided entering a technical recession, fears persist over the slow pace of reforms by President Cyril Ramaphosa’s…

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…