One of the main lessons from the VBS Bank collapse in South Africa is that audit reports need to be treated with a degree of circumspection. In some cases they will require independent verification.
Free university education and land redistribution without compensation have far-reaching implications for South Africa’s economy, and requires exceptional leadership.
The imposition of the fee free higher education proposal on South Africa’s National Treasury without due consideration represents an escalation of the state capture led by President Jacob Zuma.
The misfortunes experienced by Brian Molefe, the CEO of South Africa’s power utility Eskom, shows that the battle for the country’s public purse is not a one way bet.
The focus will now be on how the social democratic and left-leaning members of South Africa’s cabinet – the “constitutionalists” – will respond to the reshuffle.
The South African Social Security Agency has created a crisis that threatens to deliver social grant recipients on a silver platter into the hands of unscrupulous financial services companies.
It is common to reduce the politics of the ANC to a battle between personalities. A closer look suggest that this is a fight between two factions, both of them products of trends in the economy.
The stakes have not been higher since the heady days of the early 1990s when South Africa also looked over the brink. Now it is less about brink and more about who will blink