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Articles on South African economy

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Thousands of civil service employees gather during a protest march for higher pay at the Union Buildings in Pretoria in 2010. EPA/Jon Hrusa

Civil service pay: South Africa has some harsh choices to make

South Africa’s government should urgently announce a moratorium on civil service employment growth. The country has reached its upper limit in the number of civil servants that can be sustained.
Jacob Zuma’s position has been weakened after an avalanche of criticism forced him to reverse his decision on a new finance minister. Reuters/Siphiwe Sibeko

Why there is a silver lining for South Africa in Zuma’s bungling: his grip on power is slipping

South Africans are all poorer as a result of Jacob Zuma’s decision to replace his finance minister. But there maybe benefits too. The debacle suggests his grip on power has been weakened.
Pravin Gordhan is considered an independent mind. His return as South Africa’s finance minister will boost investor confidence. EPA/Dai Kurokawa

Zuma’s about-turn shows power of the South African media, and the markets

South Africa has had three finance ministers in four days. President Jacob Zuma will live with the fall-out for the rest of his term. Markets have a long-term memory and won’t easily forget.
South African academics are extremely worried about President Jacob Zuma’s axing of the finance minister. Reuters/Stefanie Loos

Academics in South Africa voice their dismay at Zuma’s actions

Academics from several South African universities say that in the current world economy decisions about any country’s finance minister cannot be made “lightly or capriciously”.
The South African currency, the rand, fell to its lowest level in four years after President Jacob Zuma removed the country’s finance minister. Reuters/Siphiwe Sibeko

The removal of South Africa’s finance minister is bad news for the country

The removal of Minister Nene is a significant act. The fact that he has been replaced by someone who is unknown and untested simply compounds it.
South Africa’s Finance Minister Nhlanhla Nene has a difficult task of performing a balancing act as the country’s economy grows slowly. Reuters/Sumaya Hisham

Q&A: is fiscal discipline the right recipe for South Africa?

South Africa needs to spend more to stimulate economic growth. But this should not be unproductive or wasteful expenditure.

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