Rand weakens amid surge in COVID-19 cases
“The rand was weaker on Friday morning, slipping along with its emerging-market peers, as a surge in new COVID-19 cases overshadowed sentiment about the reopening of economies.”
South Africa’s fiscal reckoning has arrived
Latest Developments South Africa Business Live Article/Blog post by John Schellhase“It has taken the COVID-19 crisis to push SA to this point, but finally, after years of prevarication, the government has accepted that SA’s public finances are dangerously overstretched and unprecedented spending cuts, coupled with deeper economic reforms, are needed to avoid a sovereign debt crisis.”
The Big Stimulus: How South Africa can fund it, and how to spend it
Analysis and Opinion South Africa Business Live Op-ed by John Schellhase“Unlike many other countries in the world, South Africa has announced limited fiscal stimulus. The problem is that after 10 years of Jacob Zuma’s mismanagement and corruption, the country has little room to increase spending in this crisis.”
The Big Stimulus: How South Africa can fund it, and how to spend it
Analysis and Opinion South Africa Business Live Op-ed by John Schellhase“President Cyril Ramaphosa did a stellar job shutting down SA. As difficult as that was, the really hard work starts now. So how does he make sure the bulk of the economy is operational when the lockdown ends? …the problem is that after 10 years of Jacob Zuma’s mismanagement and corruption, the country has little room to increase spending in this crisis.”
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