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Ramaphosa’s union struggles could determine rebound

Location:

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

Location:

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…

Strike season looms over South Africa gold sector

Location:

SOUTH AFRICA

Outlook for South Africa's gold sector.

South African budget prompts cheer and wider divisions

Location:

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 African budget plans may prove too ambitious

Location:

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 national minimum wage will prove elusive

Location:

SOUTH AFRICA

Due to take effect on May 1, it would introduce a single wage floor set at 20.0 rand (1.5 dollars) per hour. The NMW is a significant departure from current minimum wage…

South Africa’s COSATU may struggle to have influence

Location:

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 mining sector turmoil could worsen

Location:

SOUTH AFRICA

Lonmin has spent 1.6 billion dollars in cash since 2008 and lost 98% of its value since 2012. The takeover will reportedly see 12,600 of Lonmin’s 35,000 jobs cut over three years…