Tag Archives: Ramaphosa

[South Africa] Cyril Ramaphosa to face party probe.

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South Africa’s President Cyril Ramaphosa will appear before an integrity commission to answer questions about a controversial campaign donation. This is according to his governing party officials.

Senior member of the African National Congress, ANC Jessie Duarte, however has not specified when Mr Ramaphosa would present himself before the party panel.

Mr Ramaphosa, according to South Africa’s anti-corruption watchdog, is alleged to have misled parliament about money he received in 2017, worth more than $36,000 (£27,000). Mr Ramaphosa maintains it was a donation towards his campaign for the ANC leadership.

As President, Mr Ramaphosa has staked his reputation on cleaning up the country’s politics since he replaced Jacob Zuma.


#Newsworthy…

Cyril Ramaphosa Rebukes Minister For Attacking Zambian President

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South African President Cyril Ramaphosa has “strongly reprimanded” his finance minister for challenging the Zambian leader to explain his decision to sack that country’s central bank governor, the presidency said Monday.

In a surprise move, Zambian President Edgar Lungu on Saturday fired his respected central bank governor. Denny Kalyalya.

No reason was given for the removal of the governor, who had been credited with bringing stability to the economy.

South African Finance Minister Tito Mboweni reacted angrily, demanding an explanation.

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“Presidents in Africa must stop this nonsense of waking up in the morning and fire a Central Bank Governor! You cannot do that. This is not some fiefdoms of yours! Your personal property?! No!” tweeted Mboweni on Saturday.

“That Governor was a good fella. Why do we do these things as Africans. The President of Zambia must give us the reasons why he dismissed the Governor – or else hell is on its way. I will mobilize!”

On Sunday he wrote that his tweets had landed him in hot water, but vowed to not give up.

“Looks like I am in trouble about my statement on the dismissal of the Bank of Zambia Governor! I stand by my statement. Central Bank independence is key. Not negotiable. Let all central bankers speak out!”

He has since deleted the tweets.

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A statement from the South African presidency said Ramaphosa “strongly reprimanded” Mboweni following his comments.

He assured the Zambian government that the minister’s “unfortunate remarks do not reflect the views of the South African government” and the “issue is being addressed to ensure that such an incident does not occur again”.

A former World Bank executive director, Kalyalya’s tenure was due to end in 2023.

He was replaced by a deputy secretary to the cabinet, Christopher Mvunga.

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Zambian Information Minister Dora Siliya expressed surprise at Mboweni’s “immature and improper criticism of a sovereign decision by Zambia”.

She urged Mboweni to rather focus on coronavirus “problems facing” South Africa.

At nearly 610,000 cases and over 13,000 deaths, South Africa has recorded the highest numbers of coronavirus infections on the continent, accounting for more than half of Africa’s total tally.

Zambia has recorded 10,831 cases, of which 279 have been fatal.


#Newsworthy…

Corruption: Buhari writes to Ramaphosa; lament

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President Muhammadu Buhari has urged African leaders to ensure the immediate actualization of the Common African Position on Assets Recovery (CAPAR), as the continent celebrates Anti-Corruption Day, July 11, 2020.

In a letter to South Africa’s President, Cyril Ramaphosa, Chairman of African Union, the Nigerian leader asked for a re-commitment to the anti-corruption war by leaders on the continent to engender an “integrated, prosperous and peaceful Africa, driven by its own citizens, representing a dynamic force in the international arena.”

The President laments that “the massive corruption being perpetrated across Africa’s national governments has created a huge governance deficit that has in turn created negative consequences that worsen the socioeconomic and political situation in Africa.”

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The letter by President Buhari reads in part:

“As Your Excellency is aware, the continental fight against corruption has been premised on an irreducible minimum that can pave the way for Africa’s transformation. In this effort, the emphasis has been on the continent’s collective determination to forge resilient partnerships among our national governments, civil society organizations and other interest groups, such as women, youth and the physically challenged, to ensure improved socio-economic, political and security development and ultimately, the improvement of our continent.

“The concern of the African Union is that the massive corruption being perpetuated across our national governments has created a huge governance deficit that has in turn created negative consequences that have worsened the socio-economic and political situation in Africa.

President Muhammadu Buhari

“Your Excellency may recall that these continental concerns led our colleagues at the African Union, to appoint my humble self as the African Union Anti-Corruption Champion. I believe that the efforts and focus of the Nigerian Government at home, partly informed this decision as well as the need for Africa, as a continent, to recommit herself to the fight against corruption and the imperative to free resources for meaningful development.

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“I am, therefore, in full support of the call for the issuance of a continental message to commemorate this day, on July 11, 2020, to re-commit the African Union to the continental fight against corruption, including through a robust approach to assets recovery, hence the need for a strategic framework on a Common African Position on Assets Recovery (CAPAR).

“Happily, in February 2020, at the 33rd Ordinary Session of the Assembly of the African Union in Addis Ababa, CAPAR was adopted. In my view, the African Union must go beyond the mere annual celebration of the Africa Anti-Corruption Day by moving swiftly to operationalize the African Common Position on Assets Recovery by all member states. This is an excellent way to drive Africa’s Agenda 2063, for an ‘integrated, prosperous and peaceful Africa, driven by its own citizens, representing a dynamic force in the international arena.’

“As current Chair of our Union, I sincerely commend to you, this suggestion that seeks to call our leaders in Africa to recommit ourselves to this very important task of reclaiming our continent from the vice of systemic corruption.

“Please accept, Your Excellency and Dear Brother, the assurances of my highest consideration.”]


#Newsworthy…

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South Africa experience another recession in 2020 after 2018

it’s the third


South Africa slipped into recession in the final three months of 2019, the country’s statistics bureau said on Tuesday, the second contraction to hit the economy in as many years.

It is the third recession the continent’s most industrialised economy has suffered since the end of apartheid in 1994, but the second since Cyril Ramaphosa came to power in 2018.

The weak performance piles pressure on Ramaphosa’s administration which has been struggling to keep his election pledge to revive economic activity in one of Africa’s powerhouses.


Instead, South Africa remains dogged by high and rising debt, low growth and soaring unemployment.

Gross domestic product fell by 1.4 percent in the fourth quarter, after dropping by 0.8 percent in the previous three months, Statistics South Africa said.


This took growth in Africa’s most industrialised country for all of 2019 to just 0.2 percent, its lowest reading since the global financial crisis in 2009.

Ramaphosa’s government will barely avoid another bout of economic tumult with the economy forecast to only grow 0.9 percent this year.


Weak agriculture output and transport were the main drags on growth in the last quarter, StatsSA said, followed by construction, mining and manufacturing, which outweighed positive contributions from finance and government spending.

Seven of the nation’s 10 economic sectors contracted in the fourth quarter, StatsSA said.


“Finance, mining and personal services managed to keep their heads above water, but this was not enough to prevent the economy from sliding into its third recession since 1994,” it remarked.

Drought in parts of the country and floods in others hurt agriculture and power station output, leading to disruptions in electricity, gas and water supplies.


– Most sectors contracted –

Recession is defined as two consecutive quarters of negative growth.


South Africa previously went into recession in 2008/2009 — which was prompted by the global financial crisis — and then again in 2018.

Growth has been stunted by, among other issues, rolling electricity blackouts that have cost the country hundreds of millions of dollars in lost output.


Eskom, which supplies 95 percent of South Africa’s electricity, has been crippled by cash shortages and poorly designed coal-fired power stations, as well as decades of mismanagement and alleged corruption under former national president Jacob Zuma.

The drop in the last quarter surprised market watchers.


“While a contraction was largely expected, the decline exceeded market expectations, demonstrating how extensively the electricity crisis in SA continues to plague the economic prospects of the country,” market pundit group, Peregrine Treasury Solutions said in a note.

The government has repeatedly bailed out Eskom and other state-owned enterprises including the national carrier South African Airways.

“Freeing the economy from the dead-weight of a failing state will provide South Africa’s struggling economy with the antidote needed to arrest the terminal decline and put the country on a sustainable path of economic growth,” said Geordin Hill-Lewis, a lawmaker with the largest opposition party, the Democratic Alliance.

The International Monetary Fund last year urged more “decisive” reforms to boost private investment in South Africa, forecasting economic growth to remain sluggish for a sixth consecutive year in 2020.


#Newsworthy…

Cyril Ramaphosa promise Job availability in South Africa


President Cyril Ramaphosa has pledged to create more jobs for South Africans, saying job creation remains at the centre of the economic agenda of the African National Congress (ANC).

Delivering the ruling party’s statement in Kimberley, Free State Province on Saturday, the president said the creation of jobs is a top priority for 2020.


“The most direct and effective way to reduce inequality is to create employment and economic opportunities, particularly for young people and women,” he said.

To achieve a rate of employment that exceeds the growth in the number of people seeking jobs means that the South African economy needs to grow at a far greater pace, he said. This can be achieved through a substantial increase in investment, a massive infrastructure program, steps to improve the ease of doing business and expand pathways for young people into the world of work, said Ramaphosa.


Significant investment commitments – totalling more than 600 billion rand (about 42 billion U.S. dollars) – have been realized through the first two Investment Conferences hosted by Ramaphosa in 2018 and 2019, according to the president. But More is still required to be done, he said.

Ramaphosa stressed the need to tailor curricula and equip educators to respond to an increasingly digitalized world with constant technological advances.


The country needs to undergo a skills revolution to break the cycle of poverty and grow an inclusive economy, said Ramaphosa.

This requires the up-skilling of educators and school management to prepare learners for the 4th Industrial Revolution, increase resources for TVET (technical and vocational education and training) colleges, and expand access to early childhood development, Ramaphosa said.


The private sector and other partners are also encouraged to work with training authorities to develop the skills that the economy needs, he added.

“We must speed up the implementation of the three-stream curriculum model of basic education,” the president said.

President Cyril Ramaphosa


The government, he said, will also build on the progress made in enhancing industrial strategy, financing and implementing master plans in sectors with great potential for growth and unlocking the potential of small business, cooperatives and the township economy.

He identified sectors like manufacturing, tourism, agriculture and the oceans economy as major areas for employment growth.


#Newsworthy…