Fitch raises red flags over ANC coalition with MK party, EFF
Earlier this year, the ratings agency warned that a significant increase in the government’s debt-to-GDP ratio could knock its credit rating
South African election exposes the pitfalls of neoliberalism
Populist parties have made considerable gains in the wake of the government’s insecurity-inducing economic policies
GDP data: SA’s economy contracts in first quarter of 2024
The economy did not benefit from the suspended load-shedding initiated in early April
African leaders repeat calls for financing reform
Heads of state met at the African Development Bank’s gathering this week, where they mulled an overhaul of the world’s financial architecture
Development Bank backs African credit ratings agency
The Big Three ratings agencies, Moody’s, S&P Global and Fitch, have extensive influence over how creditors assess Africa’s risk profile
Drought-hit Southern Africa’s growth lags
South Africa, the region’s economic powerhouse, looks to record improved, albeit tepid, growth this year and next
Reforms could unlock $169.4bn in African development financing a year
The African Development Bank’s economic outlook report notes that 20 countries were in debt distress or at high risk of debt distress, hamstringing their ability to achieve social development goals
Ackerman family to relinquish control of struggling Pick n Pay
The announcement comes after another disappointing set of results, in which the group reported a massive decline in its trading profit
What the ANC can learn from the Tory meltdown
If South Africa’s governing party does end up losing its majority in future elections, it might never get it back
How a potential Trump return to power could impact commodity prices and global markets
The Republican candidate is running a tight race against incumbent Joe Biden, who could see his Inflation Reduction Act dismantled