A family of African elephants walk through the Addo Elephant National Park in South Africa’s Eastern Cape Province.
EPA-EFE/Jon Hrusa
Political and social instability in the country, as seen in frequent mass protests and xenophobia, threaten the flow of African tourists.
Nicolas Economou/ NurPhoto via
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The aviation industry requires very expensive assets but is sensitive to economic cycles
South African Airlines and Kenya Airways have drawn up plans to set up a joint pan-African airline in 2023.
Michele Spatari / AFP via Getty Images
Alliance between Africa’s two major national airlines may lower costs but competition remains.
Deputy Chief Justice Raymond Zondo has delivered his first report on state capture to South African president Cyril Ramaphosa.
Photo by Veli Nhlapo/Sowetan/Gallo Images via Getty Images
The inquiry’s findings could be a defining moment for South Africa, but only if the work of the Commission leads to concrete action and systemic change.
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The state capture inquiry shows that South Africa’s parliament needs to urgently end the uncertainty about whether or not shadow directors are governed by the Companies Act.
South Africa’s finance minister, Tito Mboweni, ahead of his budget speech.
EPA/Nic Bothma
The South African government is hamstrung by the country’s fiscal and economic situation. And short of ideas about how to get out of it.
South Africa’s President Cyril Ramaphosa delivers his state of the nation address.
GCIS/Sumaya Hisham/Pool
President Ramaphosa’s state of the nation speech showed his preference for less contentious matters that attract praise, rather than catalytic decisions.
South African President Cyril Ramaphoa.
GCIS
Ramaphosa is constrained by his tenuous control over South Africa’s governing party, the ANC.
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There are lots of burning issues raised by the business rescue that haven’t yet been tested in South Africa. Many will no doubt land in the courts.
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There are at least four ways in which directors can be responsible for reckless or fraudulent trading.
Epa/Udo Weitz
Distress is normally identified when a company is no longer profitable, when it’s not a going concern anymore, when it has major problems.
SAA appears to be in a tail spin.
EPA/Udo Weitz
South Africa can’t afford its national airline anymore – nor can it afford to close it down. What’s the next step?
South Africa’s Finance Minister Malusi Gigaba has been forthright in recognising the crises facing the country.
EPA/Stringer
South Africa’s finance minister was honest about the problems facing the country. But he made no real suggestions that the government will start doing things differently.
South Africa needs to decide if it will continue to waste public money on its national carrier, or incur the costs of letting SAA go bankrupt.
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There is no good case for bailing out South African Airways, it’s simply a matter of avoiding a potentially catastrophic debt default.
A government of national unity has served South Africa well before. It should consider forming another after President Jacob Zuma leaves office.
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South Africa needs to start thinking about life after President Jacob Zuma. Given the damage that he’s done, serious thought should be given to forming a government of national unity.
South Africa’s Finance Minister Pravin Gordhan has a tough job of rekindling a weak economy.
REUTERS/Siphiwe Sibeko
With stalled economic growth and threats of credit rating downgrade, South Africa’s 2017/18 budget will need to dig deep to foster recovery.