Mcebisi Ndletyana

S.Africa Budget Pushes Redistribution Amid Power Struggle

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South Africa’s finance minister warned Wednesday of “growing impatience and ferment” over post-apartheid inequality and slow growth as he presented a budget that raised taxes on the wealthy. Pravin Gordhan said his budget was “highly redistributive to poor and working families”, stressing the challenges posed by South Africa’s unemployment crisis and its poor education system. … Read more

S.Africa Budget Throws Light On Fractured ANC

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South Africa’s Finance Minister Pravin Gordhan delivers the annual budget in parliament Wednesday as he battles to revive the economy and head off loyalists of the president who seek to oust him. Gordhan, a popular figure in South Africa and among international investors, is widely seen as being at loggerheads with President Jacob Zuma, who … Read more