South Africa

  • Reserve Bank Governor Discusses South Africa’s Economic Resilience

    On Wednesday, April 18, the Atlantic Council’s Africa Center, in partnership with the Global Business & Economics Program, hosted a discussion with Mr. Lesetja Kganyago, governor of the South African Reserve Bank (SARB).

    Dr. J. Peter Pham, Atlantic Council vice president and Africa Center director, and Mr. Bart Oosterveld, C. Boyden Grey fellow on global finance and growth and Global Business & Economics Program director, welcomed participants. Mr. Brian C. McK. Henderson, Atlantic Council treasurer, introduced Kganyago, with whom he had worked earlier in the central banker’s career.

    In his remarks, Kganyago addressed the issue of South Africa’s fiscal resilience, and how the country is positioned to deal with shocks from the global economy. He laid out how strong fiscal institutions and a healthy regulatory regime allowed South Africa to weather the 2008 financial crisis and subsequent recession while many countries fared poorly. As the global economy has recovered, so too has South Africa, rebuilding its economic buffers, reining in inflation, and reducing its debt to GDP ratio.

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  • Hruby Joins War On The Rocks to Discuss Zuma Resignation


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  • Bruton Joins CBC News Network to Discuss South Africa's Situation


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  • Pham Joins VOA to Discuss South Sudan, Kenya, DRC, and South Africa


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  • The Post Zuma Economic Bump will be Brief

    Since Jacob Zuma took office in May 2009, South Africa’s economy has been a story of low-to-no growth, flagrant corruption, and extreme inequality. Indeed, his erratic policies have twice spiraled the economy into recession (in 2009 and 2017), resulting in significant slashes to the country’s credit rating and an overall downgrade of the country’s brand. The recent victory of Cyril Ramaphosa at the African National Congress (ANC) conference in December injected a sense of hope into the political and economic environment.  In his proposed “new deal,” he outlined economic growth targets of 5 percent by 2023 and an initiative to create one million new jobs in an effort to reduce South Africa’s unemployment rate, which hovers stubbornly over a painfully high 26 percent. 

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  • Pham Joins BBC to Discuss Resignation of South Africa President Jacob Zuma


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  • Total Recall: South Africa's President Zuma Told to Quit. Will He?

    Will he go? That’s the big question on the minds of South Africans this week as their president, Jacob Zuma, was asked to step down by the ruling African National Congress (ANC) party’s National Executive Committee (NEC).

    The NEC’s decision followed a marathon thirteen-hour meeting on February 12 to decide the fate of Zuma, who has been plagued by corruption allegations.

    Zuma’s successor, Cyril Ramaphosa, was elected president of the ANC in December of 2017, defeating Zuma’s former wife, Nkosazana Dlamini-Zuma.

    Ramaphosa faces a delicate balancing act. By forcing Zuma to heed the NEC’s call and resign, he would risk alienating large vote banks that remain loyal to the president. On the flip side, allowing Zuma to prolong this political crisis risks further tarnishing the ANC brand under Ramaphosa’s leadership.  

    With the NEC’s decision, the ball is now in Zuma’s court.

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  • Pham Joins CGTN America to Discuss Zuma’s Departure Drama


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  • McGrath Quoted by Foreign Policy on South Africa's Democratic Resilience


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  • Is the International Criminal Court About to Turn Irrelevant?

    Decisions by South Africa, Burundi, and the Gambia to leave the court raise questions about its future

    Near simultaneous decisions by South Africa, Burundi, and the Gambia to withdraw from the International Criminal Court have sparked fears of an exodus of African countries from The Hague-based court that is widely perceived as biased against Africans. Such a scenario raises serious concerns about the court’s future as well as questions about the judicial recourse that would remain for victims of the world’s worst atrocities.

    South Africa announced its intention to leave the International Criminal Court (ICC) on October 21. The move shocked many in the international community who have long viewed South Africa as a champion of human rights on the continent.

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