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Assessing and promoting civil and minority rights in South Africa.

Economy

[Source: Daily Maverick by Ranjeni Munusamy.]

You have to hand it to Public Protector Busisiwe Mkhwebane – she took her time before dipping her toe in the firepool but certainly made a big splash when she jumped in. Her recommendation that the Constitution be amended to change the mandate and role of the South African Reserve Bank caused widespread shock and wreaked havoc on the markets. So what is the agenda behind this manoeuvre and are other people involved? Former Reserve Bank Governor Tito Mboweni rang the alarm bells, imploring that the “Dogs of War” not be unleashed on the country. But how else will the state capture project be protected if not through abusing the state machinery?  Read more

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South Africa at a Glance
55 910 000 (mid 2016 estimate)
5.3% y/y in April 2017 (CPI) & +4.6% y/y in April 2017 (PPI)
-0.7% q/q for the 1st quarter of 2017
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