đź”’ South Africa has little capacity for a stimulus package
Following the announcement that South Africa has officially entered a recession, the ANC has called for an economic stimulus package.
Following the announcement that South Africa has officially entered a recession, the ANC has called for an economic stimulus package.
The parallel mafioso state that Chuck Stephens talks about may have lost its head honcho and a few key lieutenants, but more than enough Zuptoids are in place to keep President Ramaphosa’s horns in political place.
Lesetja Kganyago has spoken out about his new battle: this time, with investors who own shares in the SA Reserve Bank and think they have a right to the country’s reserves.
Even as South African President Cyril Ramaphosa’s July announcement that the ruling party will push ahead with plans to expropriate land without compensation pushes down the rand and damages investor sentiment, he sold $1.3 million worth of animals from his expansive game and cattle operations.
Donald Trump’s tweet has also had the effect of getting Cyril Ramaphosa to rethink the land strategy, says David Frum for The Atlantic.
David Mabuza has responded vigorously to an editorial in the New York Times, which has questioned his integrity.
Banks are worried that South Africa is taking a wrong turn with laws being considered by the nation’s parliament that could leave the economy worse off.
President Cyril Ramaphosa duly told national television that participants in EWC’s public hearings want clarity. The ANC has heard them and will “finalise a proposed amendment to the Constitution”.
South African president Cyril Ramaphosa announced that the ANC will seek to change Section 25 of the Constitution to allow for land expropriation without compensation before public hearings into the matter had commenced in the Western Cape, according to the Democratic Alliance.
Standard Bank has allocated R10 billion to fund energy projects in South Africa as the continent’s largest lender by assets grows more confident in its home market and invests in riskier ventures.