After the downgrade: South Africa should copy Brazil and impeach its president
The news that South Africa’s sovereign rating has been downgraded caught many by surprise. But it was long coming. The main reason for the rating agency’s decision is clearly concerns about political leadership in the country. Moody’s, which is expected to follow suit, has said as much, stating its decision to put the country on a negative outlook down to “the abrupt change in leadership of key government institutions”.
Transparency in Beneficial Ownership. How the G20 Can Support African Countries
The fight against illicit financial flows and efforts for more transparency in the global financial architecture are among the priorities of the G20 under German presidency. At the same time, the G20 is seeking to deepen its partnership with Africa. But this partnership can only have a positive impact on development, if tax evasion, money laundering and corruption are pushed back at the same time. In our Global Governance Spotlight 1|2017, Dr Mzukisi Qobo shows how the G20 can support this process, taking the example of transparency in beneficial ownership.
High Ambitions and High Risks
According to the World Bank’s claim, Africa’s infrastructure funding gap is $93 billion per year until 2020, and 40% of this is for power needs. Of this total, about $66 billion per year represents Sub-Saharan Africa’s funding gap until 2020.
South Africa and Patchwork Governance. System Stabiliser or Antagonist?
Global Governance today is coined by the rise of emerging powers and informal networks that do, however, not necessarily lead to more or more efficient cooperation. In the current edition of our Foreign Voices series, Dr Mzukisi Qobo critically analyses South Africa’s engagement in this global system of patchwork governance.
Unpacking South Africa’s BRICS in Africa Equation
In a move that has generated much excitement, South Africa has invited representatives from various African continental institutions, including regional economic blocs to the Brazil, Russia, India, China and South Africa (BRICS) Summit (26-27 March 2013). BRICS leaders will meet them to discuss Africa’s infrastructure development priorities under the New Partnership for Africa’s Development (NEPAD) framework.
External Partnerships, Infrastructure and Africa’s Growth Story
Africa’s infrastructure story is the new rallying cry for mobilizing private sector investment to drive Africa’s economic growth. There is hardly any major continental event, from the African Union summits to World Economic Forum Africa chapters, whose agenda does not include Africa’s infrastructure development.
The Pitfalls of the G20 Infrastructure Agenda
Australia’s G20 infrastructure agenda aims to increase quality investment into global projects. The agenda advocates using the private sector to develop infrastructure in order to boost global growth and job creation. However, these initiatives need to ensure developing countries are not left marginalised.
Role of the SA State in Mining
In recent times, the mining industry in South Africa has come under a political spotlight. There are those, on the one hand, who call for the nationalisation of mines, and those who view such political demands as damaging to the country’s investment profile. Both sides seem very determined in their convictions.