Bailouts for state-owned companies risk pushing the country’s debt-to-GDP ratio to among the highest in emerging markets, South African Reserve Bank Governor Lesetja Kganyago has warned.
President Cyril Ramaphosa has re-appointed Lesetja Kganyago as governor of the SA Reserve Bank, with Fundi Tshazibana and Rashad Cassim as deputies, the Ministry of Finance has said in a statement.
The recent squabble over the mandate of the South African Reserve Bank has very little to do with real economic policies, say Vishnu Padayachee, Robert van Niekerk and Imran Valodia.
... and how their ideas might shape our future, according to finweek contributor Johan Fourie.
The ANC alone has six senior politicians making different economic policy signals. Add the influence of the EFF's Julius Malema to the mix, and the result is policy confusion writes Ferial Haffajee.
SA's low levels of growth and investment are the result of an inhibiting policy environment, and it is up to President Cyril Ramaphosa to drive the reforms necessary to remove obstacles to growth, says David Ansara.
Addressing a breakfast briefing in Johannesburg, the bank's governor said the discussion around the ownership and mandate of the central bank appears 'impervious to facts'.
In this article, originally published on The Conversation, professor Mark Swilling of Stellenbosch University explains why we need a policy that drives growth and positions SA for the 21st Century.
With their knowledge of Gupta businesses and their unique ability and power to follow the money, have the big four banks done enough to tell the State Capture Inquiry where to find the money, asks Ferial Haffajee?
The recession should come as no surprise in a country that has no economic policy to speak of, believes Daniel Silke.
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