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Marcus`s biggest achievement may be indifference if she leaves - Economic trends | Moneyweb

Marcus`s biggest achievement may be indifference if she leaves - Economic trends | Moneyweb | IZWI | Scoop.it

It’s less than three months to go until Gill Marcus’s term expires as South African central bank governor, with no word on whether she will remain in her post. Yet investors aren’t panicking.

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Are we in a recession already? - Economic trends | Moneyweb — YOURLS

Simon Barber's insight:
Mike Schüssler|
27 May 2014 13:36
SA’s self-inflicted wound will bleed the country into negative growth.

With the first quarter GDP decline of 0.6% caused mainly by the platinum strike, South Africa has a self-inflicted wound that may just end up dragging the country into recession.

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How the ANC's allies toppled Tito - Times LIVE

How the ANC's allies toppled Tito - Times LIVE | IZWI | Scoop.it
Former Reserve Bank governor Tito Mboweni stood no chance of becoming finance minister because President Jacob Zuma's powerful leftist allies were dead set against his appointment.
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South African union set to challenge ANC in next elections - FT.com

South Africa’s largest trade union said on Thursday that it was pushing ahead with plans to launch a workers’ political party that could mount a serious challenge to the ruling African National Congress in future elections. Barely a week after the
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Jubilant ANC faces sobering challenge on sick economy - FT.com

As the final votes trickled in to seal a fifth consecutive win for the African National Congress in a South African general election, the rand strengthened to its strongest level this year against the dollar. The markets, it seemed, were satisfied;
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SA is doing just fine on race relations, though threats await

SA is doing just fine on race relations, though threats await | IZWI | Scoop.it
Apartheid ended not with the bang many foretold, but with a whimper, writes John Kane-Berman
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Big ANC majority could usher in South African economic reforms

JOHANNESBURG (Reuters) - In the 20 years since apartheid, South African jewelery designer Nthabiseng Xaba has gone from bank clerk to state employee to thriving entrepreneur - just the kind of economic
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This is key:


"We need an overwhelming majority so that we can change certain things so that we can move faster," (Zuma) told reporters. "There are things you need to remove so you can move faster. I won't be specific."


In particular, analysts say Zuma will be able to throw his weight behind the government's National Development Plan (NDP), a blueprint for economic growth over the next 20 years that has got the thumbs-up from investors but been attacked by unions.


Investment-friendly policies in the NDP include encouraging more private sector involvement in infrastructure projects and a youth wage subsidy aimed at helping youngsters into work. Both are strongly opposed by unions.

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South Africa business sceptical that Ramaphosa can bring change - FT.com

South Africa business sceptical that Ramaphosa can bring change - FT.com | IZWI | Scoop.it
When the African National Congress elected Cyril Ramaphosa as the ruling party’s deputy leader there was a palpable sense of optimism in South Africa’s corporate sector. The volatile rand strengthened and even the credit rating agencies cautiously
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Robust nation

Robust nation | IZWI | Scoop.it
SA will be able to count on a vibrant civil society and strong institutions to keep politicians in check, says Sharon Chetty
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ANC targets those with real power in civil society

ANC targets those with real power in civil society | IZWI | Scoop.it
If the DA performs poorly in next week’s elections, we are likely to hear a familiar litany of complaints, writes Anthony Butler
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Zuma's investor confidence hurdle - Business News | IOL Business | IOL.co.za

Zuma's investor confidence hurdle - Business News | IOL Business | IOL.co.za | IZWI | Scoop.it

As President Jacob Zuma heads for a second term in office after the May 7 election, he faces the challenge of restoring investor confidence to help strengthen a currency that's slumped 15 percent against the dollar in the past year.

In his first term Zuma oversaw an economy that's struggled to gain traction from a recession, with government debt that's worsened and a jobless rate that hasn't budged from 24 percent.

Key to boosting confidence is implementing a 20-year economic plan that seeks to bolster growth, balancing fiscal pressures as the government expands social welfare grants and curbing labor tensions

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Time to ditch Mandela’s party

Time to ditch Mandela’s party | IZWI | Scoop.it
TWENTY years after the new South Africa emerged from the quagmire of apartheid to vote for the first time by universal franchise for a parliament, the African...
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After being shot, Fiat Chrysler’s CEO in South Africa stays on

After being shot, Fiat Chrysler’s CEO in South Africa stays on | IZWI | Scoop.it
Trent Barcroft (photo), an American who is CEO for Fiat Chrysler in South Africa, was shot in the stomach in February last year as three attackers robbed him and his wife of their cell phones, jewelry and a handbag outside Johannesburg. He survived and is determined to continue building his company’s business in a country that he was first posted to in the late 1990s. He talks here about the experience of being shot, his recovery and the lack of police response – as well as his commercial aims – in a country where 62 per cent of business people say they or their immediate families have been affected by crime.
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Chief of $150bn S Africa fund resigns - FT.com

By Andrew England in Maputo Elias Masilela, the chief executive of South Africa’s Public Investment Corporation, Africa’s biggest and most powerful fund manager with more than $150bn under management, has resigned. The state-owned PIC, which is a
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Platinum miners’ strike takes toll on South Africa growth - FT.com

Platinum miners’ strike takes toll on South Africa growth - FT.com | IZWI | Scoop.it
South Africa’s economy has contracted for the first time since the global financial crisis of 2008-09 after activity in the mining sector fell the most in nearly 50 years as a result of a crippling strike. The worse than expected 0.6 per cent
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Zuma’s next cabinet: time for change?

Zuma’s next cabinet: time for change? | IZWI | Scoop.it
With South Africa’s May 7 election done and dusted and the African National Congress set to extend its 20-year dominance of the political landscape, all eyes are now on President Jacob Zuma’s appointments to his next cabinet. All should be revealed a day or two after Zuma’s inauguration on Saturday, at the start of a second term at the helm of Africa’s most developed economy.
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Right policy choice needed to arrest growth slide

Right policy choice needed to arrest growth slide | IZWI | Scoop.it
If the quality of policy and policy implementation do not improve after the elections South Africa will not be able to accelerate economic growth, writes Hilary Joffe
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Recent events may have caused unpredictable voter shifts — Barclays

Recent events may have caused unpredictable voter shifts — Barclays | IZWI | Scoop.it
While research polls suggest the ANC will retain its 20-year rule over the country, researchers are expecting surprises at provincial level
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Apartheid lawsuit passes another hurdle

Apartheid lawsuit passes another hurdle | IZWI | Scoop.it
Judgment is a momentous one for South Africans claiming civil damages for injuries suffered under the apartheid regime, writes Michael Osborne
Simon Barber's insight:

A more nuanced and less self-serving analysis of the case can be found here.

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As South Africa votes, the case for optimism Outside the Box

As South Africa votes, the case for optimism Outside the Box | IZWI | Scoop.it
As South Africans head to the polls, long-time observer Barry Wood looks at the good and the bad of the country’s democracy and economy.
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Business start-ups in doldrums

Business start-ups in doldrums | IZWI | Scoop.it
South Africa, with its culture of entitlement, trails other pace-setting countries in sub-Saharan Africa in entrepreneurial development, writes Adele Shevel
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In search of a growth model

In search of a growth model | IZWI | Scoop.it
What proportion, if any, of the vote the ANC loses, and who it loses it to, could have a notable effect on economic policy making, writes Nazmeera Moola
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Oxford scholars witness SA’s soft power

Oxford scholars witness SA’s soft power | IZWI | Scoop.it
Departing Deputy President Kgalema Motlanthe discusses South Africa’s democratic future with remarkable candour, confidence and concern, writes John Stremlau
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The chains of liberation - FT.com

The chains of liberation - FT.com | IZWI | Scoop.it
It’s easy to look at South Africa’s president Jacob Zuma and think: he’s just an opportunist. There’s his lovely new homestead Nkandla, upgraded largely at taxpayers’ expense, with its famous fire pool” (for security, not for swimming, Zuma insists).
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Nadine Gordimer: The Great Post-Mandela Disillusion

Nadine Gordimer: The Great Post-Mandela Disillusion | IZWI | Scoop.it
"I am afraid that, in South Africa, we have not done with our freedom what we said we were going to do. And that makes it now the worst of times because it is a great disillusion."...
Simon Barber's insight:

Interesting quote: In an interview with Nelson Mandela the year he became the president of South Africa, he had told me that "the outside world becomes very melodramatic when speaking about South Africa; people lose their humor, like padding on the shoulder of a patient in the path of recovery."

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