Anxiety about governance failures stands to limit our options, just when we need an alternative direction the most
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The ANC has made the call for more flexible monetary policy before, but has dithered in seeing it through
The ruling party has repeated its proposal to nationalise the central bank’s ownership and mandate, but says it must be done in a way that is conscious of costs
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Investors will watch President Cyril Ramaphosa’s political fate closely, but the best outcome for the rest of us is that the factional battle exposes the ANC’s policy ambivalence
Investors will watch President Cyril Ramaphosa’s political fate closely, but the best outcome for the rest of us is that the factional battle exposes the ANC’s policy ambivalence
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Central banks massively underestimated inflation risks as economies bounced back from the pandemic-induced slump
Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
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Without tighter capital controls, regulating the flow of money in and out of their economies, Turkey and South Africa are vulnerable to the whims of the financial markets
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The central bank has been criticised for hiking interest rates to the detriment of employment
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