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Author Archive | NKC African Economics

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South Africa – Budget 2016… some thoughts

Finance Minister Pravin Gordhan pulled several rabbits out his Budget hat on Wednesday, February 24, when he delivered the first Budget Speech of his current, second term. However, the rabbit one marked ratings downgrade averted did not emerge, and markets appeared initially unconvinced that government could deliver on Mr Gordhan’s vision. That judgement may change […]

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South Africa’s ‘Strawberry Statement’

This past week, tens of thousands of mainly young South African university students protested against proposed fee increases next year. Their actions under the #FeesMustFall banner signalled the beginning of a protest movement that will eventually go far beyond tuition fee increases, inequality, transformation and injustice to a potential challenge to the political system itself. […]

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Zimbabwe making progress on external debt but struggling with deflation

Finance Minister Patrick Chinamasa is telling everyone who wants to listen that his visit to Peru last week was a success and that Zimbabwe will have its external debt arrears cleared by April 2016. We have argued for many years that this is a key development in unlocking new finance for the country which, in […]

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