South Africa’s Public Protector, Busisiwe Mkhwebane has touched on two highly contentious issues: the unresolved bailout for a local bank three decades ago. And the role of the country’s Reserve Bank.
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it’s fairly confident the economic recovery will continue. Is it overconfident?
The South African Reserve Bank has come under spotlight due to the critical role it must play in enabling the country to navigate rough waters. Governor Lesetja Kganyago shares his views.
Just like apes, humans fear the unknown, and that’s why there’s so much uncertainty this week as markets brace for an interest-rate decision by the Federal Reserve.
Attacks on the South African Reserve Bank and events in India that led to the exit of the governor of the country’s central bank are a warning that banks aren’t immune from political meddling.
One of the worst hit countries during the financial crisis has regained economic strength inside a gilded cage – to the extent that it can now step outside, melt it down and re-sell the gold.
Forecasts are crucial for all economic and business activity. But looking into the future involves uncertainty and risk. Forecasts may be inaccurate, which creates a serious dilemma for policy makers
Like any commodity, the value of the rand is determined by the market forces of supply and demand. Its weakening is also affected by a myriad of structural problems facing the South African economy.
South Africa’s transition into democracy involved compromises that left white privilege intact and black poverty undiminished. Here are a dozen of Mandela’s economic deals that need to be undone.
Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the Witwatersrand