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:
- South Africa Sees Fresh Start for Economy, With the Same Challenges (NYT)
- S&P South Africa Downgrade Excerpt (Rand Daily Mail)
- South Africa: The Economic Challenge (BBC)
- Three Keys to a New South Africa (Project Syndicate)
- Macro Forum Insights and Perspectives (Actis)
- Mining’s Iron Grip on the South African Economy (Reuters)
- Corruption Scandals Weaken South Africa’s Zuma Before Elections (WSJ)
- Will South Africa Repeat Zimbabwe’s Fatal Land Mistakes? (CapX)
- S&P Global Warns of Ratings Downgrade if South Africa Doesn’t Rebound (Business Report)
- South Africa Stocks “Expensive Within Emerging Markets” (Moneyweb.co.za)
- South Africa’s Economic and Potential Downgrade Woes (Bloomberg)
- South Africa Falls to #56 in the Global Competitiveness Report
- South Africa is Looking to a Future Without an Eskom Monopoly Over Country’s Energy Supply (Business Report)
- Ramaphosa Takes Tax Gamble as South Africa Targets Debt (Bloomberg)
- Brazil and South Africa: Two Continental Giants with Feet of Clay (PGIM Fixed Income)
