Now that a VAT increase has been ruled out, the finance minister must find another way to plug a R75bn gap or risk collapsing public services and investor confidence
The third instalment of Lessons for the Left considers what happens when a grassroots resistance movement takes on entrenched neoliberalism
An international framework that prevents prolonged restructuring negotiations is required
Among the truths is that most of the 17 sustainable development goals adopted by UN member states are doomed to fail
When the country takes over the presidency from Brazil in 2025, it should focus on reforming the global financial architecture
Diamonds account for 30% of the country’s economy, but lab-grown gems mean less demand for ones dug out of the soil
To realise its digital potential, Africa must focus on several practical steps like investment in renewable energy sources
Heads of state met at the African Development Bank’s gathering this week, where they mulled an overhaul of the world’s financial architecture
South Africa, the region’s economic powerhouse, looks to record improved, albeit tepid, growth this year and next
The African Development Bank’s economic outlook report notes that 20 countries were in debt distress or at high risk of debt distress, hamstringing their ability to achieve social development goals
The US Federal Reserve’s ‘higher for longer’ stance and local election jitters have weighed on the rand, adding to price pressures
Delegates at the Black Industrialist and Exporters Conference complained of bureaucratic processes keeping them from accessing markets
South Africa risks falling behind as much of the rest of the world embraces industrialisation to grow and protect economies
The American presidential hopeful’s world policies make him a bull in a china shop
The International Monetary Fund has slashed South Africa’s 2024 growth forecast as the country’s economy grapples with logistics constraints
Tensions between the US and China could come to a head early this year, posing another risk to the global economy
Instead of prompting us to recapture our past, our current economic plight suggests we should break from it
As two wars rage, the International Monetary Fund has warned that geopolitical fragmentation will hurt a still fragile global economy
A wider Middle East war would hit an already fragile and fragmented economy.
The fund, announced by President Cyril Ramaphosa in 2020, may have helped protect the fiscus from a long-term debt crisis
To avert complete climate catastrophe, African countries need at least $277 billion per year in additional climate finance
As emerging markets struggle to claw back growth, rising geo-economic fragmentation is expected to make conditions even tougher
To realise sustainable growth, the economic superpower must change tack, and South Africa must be ready to adjust
We need to change debt relief mechanisms as a growing number of developing countries risk defaulting
Structural reforms are often offered as the solution to South Africa’s growth problem, but we should be wary when they are code for privatisation
The country’s economy expanded 0.4% in the first quarter, but analysts warn not to expect growth or recovery anytime soon
A bigger alliance will give the group extra economic heft, but it remains to be seen whether its members can speak in one voice
Whatever hope was ignited among investors by the idea of a Ramaphosa presidency has mostly been snuffed out
The recent rand crash has led some to believe another 50 basis point rise is on the horizon, despite a view that further hiking will do little to tame inflation
The currency, which is usually a bellwether for other emerging markets, has diverged from global trends – thanks in large part to
the energy crisis
The US ambassador’s allegations against South Africa come as a push to expand the Brics bloc’s influence threatens to force a new world order
In early 2021, the country agreed to be a guinea pig for a new approach to tackle sovereign debt