Economy
[Source: World Affairs Journal by Heinrich Matthee.]
The ANC government under President Zuma has sought to consolidate its power by wrapping domestic and foreign policy, at least temporarily, in the mantle of racial liberation, saying that hard decisions—such as the tilt toward Russia and China and the condemnation of the West—are necessary to destroy once and for all the neo-colonialism that it claims continues to afflict South Africa.
[Source: Business Day Live by Madeleine van Niekerk.]
The rand was more than 30c weaker against the dollar late on Wednesday, after Finance Minister Pravin Gordhan delivered the much-awaited budget speech. Read more
[Source: Financial Times by Andrew England.]
Pravin Gordhan, South Africa’s finance minister, on Wednesday announced a series of tax rises and government spending cuts in a budget aimed at preventing the nation’s credit rating from being cut to junk status. Read more
[Source: BusinessTech.]
Government interference, a high risk labour market and social unrest are all contributing factors are leading South Africa’s failure to effectively create wealth for its citizens. Read more
[Source: ISS Africa by Jakkie Cilliers.]
Like many countries in the world, South Africa is dealing with growing water challenges. Read more