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COUNTRY INSIGHTS

Former President Jacob Zuma finally honors the State Capture Commission’s request to face the nation
SOUTH AFRICA · Report · 16 Jul 2019

​In the State of Capture 2016 report by the ex-Public Protector, Thuli Madonzela, the former President, Jacob Zuma, was found to have been the key role player in state capture. The report was “an investigation into complaints of alleged improper and unethical conduct by the president and other st...

The President’s hopes for the 4th Industrial Revolution to bring inclusive economic growth in South Africa
SOUTH AFRICA · Report · 09 Jul 2019

On February 16 2018, a day after assuming office as the 5th President of South Africa, Mr Cyril Ramaphosa delivered his inaugural State of the Nation Address (SONA), admitting that the country has had to function under difficult conditions. Poverty levels have been increasing in recent years afte...

The South African Reserve Bank: Institutional credibility, macroeconomic stability and withstanding political games
SOUTH AFRICA · Report · 05 Jul 2019

Now that the 2019 general elections have come and gone, and having returned Mr. Ramaphosa as the president of the country, his greatest battle lays in resuscitating the South African economy. This he will have to achieve while simultaneously fighting for control within his own political party,...

Gauteng Premier delivers the state of the province address focusing on growing the economy
SOUTH AFRICA · Report · 01 Jul 2019

Gauteng is the smallest province (land area) in South Africa, yet the most urbanised and fastest growing of the nine provinces. The province is considered the economic heartland of South Africa as it is the biggest contributor to the country’s GDP and plays a huge role in attracting investment fo...

South African politics: How the ANC and the South African government are intertwined
SOUTH AFRICA · Report · 24 Jun 2019

​South Africa’s African National Party (ANC) came into power during the country’s dawn of democracy in 1994. The ANC was a liberation movement. 1994 had marked the end of apartheid, with all eligible citizens of South Africa being able to vote for the first time, irrespective of race or gender. T...

President Ramaphosa launches his government's vision for South Africa's 6th Democratic Administration
SOUTH AFRICA · In Brief · 20 Jun 2019

With the heavy weight of nation's expectations and hope on his shoulders, President Ramaphosa delivered his second State of Nation Address (SONA) this year- technically his first SONA as the elected president of the country. As expected, his focus was primarily on the economy and growth revival. ...

South Africa remains in suspense: Will Ramaphosa’s June 20, 2019, SONA help boost the state of the economy?
SOUTH AFRICA · Report · 19 Jun 2019

On Thursday, June 20, 2019, President Ramaphosa will deliver the first State of the Nation Address (SONA) of the 6th Parliament, themed “Let's grow South Africa together as we celebrate 25 years of freedom”. This will be his third SONA. The first and second SONAs were mainly centered around stron...

South Africa’s current account deficit widens in the first quarter of 2019 as export volumes drop
SOUTH AFRICA · Report · 06 Jun 2019

Yet more unsavory economic numbers have emerged this week (i.e., following the announced contraction of Q1 2019 GDP by 3.2%) as data released today indicates that South Africa’s current account is in worse shape than it was at the end of 2018. The deficit of the current account of the balance of ...

South Africa’s first quarter GDP contracts for the fourth time in a row ‒ a deep contraction, too
SOUTH AFRICA · Report · 04 Jun 2019 · 1 response

Despite our expectations of a GDP contraction during the first quarter of 2019, it was still disappointing when results released by Statistics South Africa today confirmed that indeed GDP had a much deeper contraction than expected at -3.2% following 1.4% in the fourth quarter of 2018. This was t...

CEOs of embattled Eskom and SAA step down – is it a case of dropping the ball? Or, a Ministerial over reach?
SOUTH AFRICA · Report · 03 Jun 2019

Following South Africa’s May 8 general elections, Moody’s Ratings Agency published a post-election credit report on the country. It expects government’s debt burden to rise to 65% of GDP by 2023, increasing to more than 70% when taking into account guarantees to the debt-ridden Eskom. This deteri...

President Ramaphosa's Cabinet - At Last! Almost a clean break from the Zuma Era.
SOUTH AFRICA · In Brief · 29 May 2019

President Ramaphosa finally managed to announce his cabinet ministers after a few days of delays, and even this evening a further 50 minutes delay from the announced 20h30 media briefing - all indicating the rough and hard path that Ramaphosa has had to tread to get here. It is common knowledge t...

South Africa's conference call - Post-election politics: "Last chance for the ANC?"
SOUTH AFRICA · Report · 29 May 2019

Last chance for the ANC? How will the ANC’s reduced majority impact the reform process going forward? Is the new cabinet ideal for the revival of South Africa’s economy? Did Ramaphosa win the mandate he needs to propel the moral revival of the ANC and the country? Where to from here for the SA e...

President Ramaphosa's Cabinet: Cleansing and Reviving the ANC- It is complicated!
SOUTH AFRICA · In Brief · 28 May 2019

President Ramaphosa have been forced to delay his cabinet appointments and announcement for third time in a row. Not something that he can fully control, and it is all driven by the internal "cleansing processes of the ANC". As part of the ANC's moral revival strategy that Ramaphosa has been cham...

The South African Reserve Bank remains dovish following the country’s general elections
SOUTH AFRICA · Report · 23 May 2019

The Reserve Bank’s Monetary Policy Committee has once again decided to leave the benchmark interest rate unchanged at 6.75%, leaving the prime rate at 10.25%. The last time the Reserve Bank adjusted the repo rate was in November 2018 when it increased it from 6.50% to the current 6.75%, making th...

The ANC’s self-cleansing? The promised renewal, or more complex plots?
SOUTH AFRICA · Report · 23 May 2019

The first sitting of the National Assembly took place on 22 May 2019 in Cape Town. This marks South Africa’s sixth democratic Parliament with 358 members officially sworn in by Chief Justice Mogoeng Mogoeng. The ruling party ANC (African National Congress) acquired 230 seats while the main opposi...

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