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South Africa mining slump hurts ANC election campaign

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SOUTH AFRICA

The timing is disastrous for the ruling ANC party, which faces elections in May with its support already crumbling, in part due to its poor performance on economic issues. Major…

South African mining sector turmoil could worsen

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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…

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 national minimum wage will prove elusive

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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…

Unrest and COVID-19 will reduce South African growth

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SOUTH AFRICA

This chokes off an unexpectedly strong economic recovery in the first half of 2021. Meanwhile, unemployment has hit a record high at 35%, or 47% according to the expanded…

South African relief plan will not halt further slide

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SOUTH AFRICA

South African relief package.

South Africa mining sector restructuring will hasten

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SOUTH AFRICA

The threat of future strikes is a blow to government attempts to address investor unease, which it is seeking to do by soothing tensions between unions and miners, and improving…

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…

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…

Prospects for Africa's economies to end-2016

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PROSPECTS H2 2016

Prospects for Africa's economies to end-2016.