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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.

Prospects for South Africa in 2024

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PROSPECTS 2024

Macroeconomic prospects depend on whether Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) achieves traction with potentially hostile audiences…

Power and reform woes will slow South Africa’s growth

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SOUTH AFRICA

South Africa’s escalating power crisis has slashed its growth prospects, with the government making only slow progress on promised reforms and the president declaring a state of…

Unions could complicate Ramaphosa’s social compact

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SOUTH AFRICA

While details are scant, the 'social compact' reportedly includes clearer deliverables than previous recovery plans. However, fears persist over government capacity to deliver and…

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…

New SAA deal could taint Pretoria's reform agenda

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SOUTH AFRICA

It also raises questions about President Cyril Ramaphosa’s reform plan for state-owned enterprises (SOEs), crucial to growth prospects and the restoration of public finances, as…

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…