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Ramaphosa’s union struggles could determine rebound

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SOUTH AFRICA

This followed two days after Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement (MTBPS), which offered an honest assessment of the steep deterioration in the…

South Africa’s Ramaphosa will tout reform impetus

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SOUTH AFRICA

A week previously, new Finance Minister Tito Mboweni’s Medium-Term Budget Policy Statement (MTBPS) showed a worrying deterioration in deficit and debt ratios. However, President…

Prospects for Southern Africa in 2017

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PROSPECTS 2017

Prospects for Southern Africa in 2017.

South African treasury changes may undermine targets

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SOUTH AFRICA

Since Gigaba controversially replaced Pravin Gordhan in March, the National Treasury has made a series of key personnel changes, including the position of chief procurement…

South African turnaround strategy may disappoint

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SOUTH AFRICA

After the economy's recent shock entry into technical recession, Ramaphosa's administration is attempting to show its commitment to growth-boosting reforms.

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…

South Africa's budget framework will not allay market

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SOUTH AFRICA

The policy statement gives the government's projection of economic growth and government spending. Gigaba announced that growth for the 2017/18 fiscal year is projected at 0.7%…

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 Africa’s COSATU may struggle to have influence

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SOUTH AFRICA

A squeezed economic climate, growing challenges from rivals and uncertainty over its relationship with the ruling ANC present the federation’s leadership with an existential…

South African lockdown easing should reduce hardship

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SOUTH AFRICA

The re-opening comes despite an infection rate that is expected to peak only later this year.