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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Peter Bruce.]

The next two months are going to be gripping for our political economy.

Public enterprises minister Pravin Gordhan in the next few weeks has to reveal his plan to rescue Eskom, the government has to release its integrated resource plan (its energy source mix for the next 20 years or so), finance minister Tito Mboweni has to deliver a medium-term budget policy statement (we call it the mini-budget but it’s more important than the actual budget) towards the end of October, and the last ratings agency to deem SA debt investible, Moody’s Investors Service, passes judgment on us (or its outlook on us) in November.

We’re now at the stage where everything is critical. Decisions have to be made; on Eskom, on energy generally, on spending. Poor policy choices or appointments sink us economically and create daunting odds for the survival of Cyril Ramaphosa’s presidency.

Continue reading here.

South Africa at a Glance
59 620 000 (mid 2020 estimate)
2.2% y/y in June 2020 (CPI) & +0.5 y/y in June 2020 (PPI)
-2.0% q/q (1st quarter of 2020)
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