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Tag Archives: South Africa

SA’s finances are in bad shape and time is running out to fix them

South Africa’s public finances are in a perilous state. there are  four main reasons for this. First, economic  growth is low or non-existent. Second, tax revenue collection is  repeatedly below forecasts. third,  debt levels have risen rapidly and are now at their highest levels in the post-apart- heid era. Fourth, the  poor perfor- mance of state-owned enterprises is necessitating large-scale ...

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South Africa is close to ‘junk status’ from all three rating agencies. what could follow?

The rating agency Fitch recent- ly  revised the  outlook on South Africa’s long-term for eign-currency issuer default rating down from “stable” to “nega-tive”. A credit rating outlook indi- cates the potential direction of the country’s rating over the intermedi- ate term, typically six months. Fitch  pointed to  the  expected increase in the government debt-to- gross domestic product (GDP) ratio. this ...

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Why South Africa’s plans for universal healthcare are pie in the sky

Performance in South Africa’s two  tier  health  system – the public and the private –  has  been worsening for some time. Politicians  have attempt- ed to  attribute the decline in  the public sector to  a  myriad of  ills, none of their making. these include migrants; insufficient funds; insuffi- cient staff; medical schemes; lawyers suing them for medical negligence; the existence ...

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Universities in South Africa need to rediscover their higher purpose

For over two decades south African higher education has been dominated by three suc- cessive and contending waves of  thinking  and  organisation. they are: neo-liberal managerialism the decolonialisation of knowledge and, most recently, the idea of a Fourth Industrial revolution (4Ir). by promising to “transform” higher education, each has taken centre stage at universities – or sec- tions of them ...

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Constitutional court ruling ushers in new era for energy regulation in south africa

A recent judgment of south Africa’s Constitutional Court involving the country’s ener- gy  regulator  signals  a new found willingness by the courts to scrutinise the way regulators set prices and tariffs. this added level of regulatory accountability can only bode well for major sectors of south Africa’s economy that are subject to economic regulation. The  statutory  powers  of  regula- tors ...

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Is South Africa seeing a return to the rule of law? More evidence is needed

It  appears  as  if  the  Gupta  family, known for being politically connected to South africa’s President Jacob Zuma and accused of “state capture”, have not had a good start to the year. The country’s asset Forfeiture Unit has indicated that they’re pursuing 17 cases to recover r50 billion linked to state capture and corruption.  The unit, which falls under the ...

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Top job for south African gives African states sway at the iMf

South africa’s reserve Bank Governor, Lesetja Kganyago, has been selected as the first sub-Saharan african to serve as chair of the International monetary  and  Finance  committee.   The chair is appointed by consensus. The three-year appointment is not only an impressive personal achieve- ment, it’s also a significant opportu- nity for South africa and the african continent. The finance committee ...

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