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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…

Prospects for African economies to end-2018

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PROSPECTS H2 2018

Prospects for African Economies.

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…

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…

Prospects for South Africa to end-2022

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PROSPECTS H2 2022

Prospects for South Africa to end-2022.

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…

New dynamics add to South Africa election uncertainty

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SOUTH AFRICA

However, readings of potential support for the main opposition Democratic Alliance (DA) and Economic Freedom Fighters (EFF) differ. A plethora of small parties and independent…

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…

Prospects for South Africa in 2021

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PROSPECTS 2021

Yet market sentiment remains sceptical of Pretoria’s ability to deliver on the package, implement steep and politically contentious expenditure cuts and boost growth. Meanwhile, a…

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.