Jacob Zuma Wages War on South Africa’s Institutions (FT)

Jacob Zuma has tightened his grip on the finance ministry, the state prosecutor, the public protector and the tax authorities. All of them, to one degree or other, are amenable to his preferences. Now South Africa’s president is trying to go one better: he wants to take over the country’s money printing presses. Busisiwe Mkhwebane, the public protector, far closer to President Zuma than her combative predecessor, recommended this month that parliament make an ever-so-tiny adjustment to the central bank’s constitutional mandate. READ MORE

Similar Posts:

• Three Keys to a New South Africa (Project Syndicate)
• South Africa Sees Fresh Start for Economy, With the Same Challenges (NYT)
• South Africa: The Economic Challenge (BBC)
• Top Emerging Markets Hiking Interest Rates Last Week: Indonesia, UAE & More (Investing.com)
• ECB Rate Cut Will Likely Send Return Hungry Investors to South Africa (BusinessDay)
• Will South Africa Repeat Zimbabwe’s Fatal Land Mistakes? (CapX)
• South Africa: Too Soon to Jump for Joy (BNP Paribas)
• Why Land Seizure Is Back in News in South Africa (Bloomberg)
• S&P South Africa Downgrade Excerpt (Rand Daily Mail)
• Macro Forum Insights and Perspectives (Actis)
• Moody’s Downgrades South Africa Banks, Insurance Companies and Others (Moody’s)
• South Africa Stocks “Expensive Within Emerging Markets” (Moneyweb.co.za)
• South Africa Business Confidence Hits a 9-year Low (BusinessReport)
• South Africa SONA 2021: Ramaphosa Pledges Economic Reforms (Business Times)
• South Africa is Looking to a Future Without an Eskom Monopoly Over Country’s Energy Supply (Business Report)