The suspension of Ace Magashule, the Secretary General of South Africa’s ruling ANC party is likely to go some way in strengthening the hand of President Cyril Ramaphosa in an intra-party fight. But the president still faces a mountain of challenges. And while South Africa's budget deficit came in smaller than expected in the last fiscal year, Finance Minister Tito Mboweni still has his work cut out to stabilise the debt ratio in the face of political pressure mounting against austerity plans. And the US moving to back the waiver of vaccine patents is a step in the right direction to ramp up supplies, but plenty of hurdles remain for Africa’s inoculation campaigns.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services