Njuguna Ndung'u has the experience that suits Ruto’s bottom-up economics but lacks the political gravitas to appease voters.
The sums aren’t adding for South Africa on either the spending or revenue side. It’s a problem that’s developed over time with no action being taken.
South Africa isn’t doing enough to tackle corruption. Key regulatory and oversight agencies are underfunded. And accountability is weak.
National Treasury’s strategy to overcome South Africa’s chronic fiscal crisis rests on highly uncertain political and economic foundations.
Government support for the arts, culture and heritage is important even in tough economic conditions.
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.
South Africa’s finance minister has chosen to walk a tightrope rather than face tough choices about cutting expenditure or raising taxes.
The damage done during the preceding decade will have a negative effect on South Africa’s public finances and the economy for some time to come.
South Africa’s local governments lack a clear separation of legislative and executive powers.
Whether measures announced by Gigaba will stave off a downgrade of South Africa’s local currency debt by one remaining rating remains to be seen.
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.
The South African economy stands to benefit if the country’s president steps aside because he has had a destructive economic impact.
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