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Hundreds of Namibians protested against growing gender-based violence in October 2020. The Afrikaans wording on the placard says ‘We are tired’. Hildegard Titus/AFPvia Getty Images)

Why, 31 years after independence, Namibians aren’t in a festive mood

The legitimacy of SWAPO, the former liberation movement that has governed since 1990, has been eroded amid growing corruption and a deepening economic crisis.
Moody’s, the only rating agency that keeps South Africa above junk, is scheduled to review its credit rating in November 2019. Shutterstock

South Africa is close to ‘junk status’ from all three rating agencies. What could follow?

How South African manages the fallout from its likely downgrade by Moody’s in November will determine whether the country will be forced to turn to the IMF for a bailout.
South Africa’s Finance Minister Pravin Gordhan is fighting to stave off a downgrade by ratings agencies. Siphiwe Sibeko/Reuters

South Africa is skating on thin ice as rating agencies weigh their options

South Africa has made some progress in fixing problems identified by ratings agencies. But there are a number of outstanding issues that might mean the country is given ‘junk’ status.
International investors are still rattled by President Jacob Zuma’s sacking of respected Finance Minister Nhlanhla Nene. Reuters/Sumaya Hisham

How investors see South Africa: lots of potential, not worth the hassle

South Africa has narrowly escaped a downgrade of the rating of its sovereign bonds, but government has its work cut out as it seeks to restore investor confidence and lift economic growth.
South African finance minister Pravin Gordhan had to tread carefully to please many competing interests in his budget. shutterstock

South African finance minister forced to walk a difficult political tightrope

South Africa’s finance minister means well, especially in his bid to cut public sector expenditure. But his success requires strong leadership and strategic alignment across the entire public sector.

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