South Africa - 02

South Africa: PetroSA and Rosgeo Agreement to Attract Further Scrutiny

South Africa’s PetroSA announced on 4 September that it had signed an agreement with Russia’s Rosgeo to develop offshore blocks 9 and 11A. The announcement suggested that the deal will be worth around $400mn. However, the statement from PetroSA and Rosgeo did not address the deal’s terms and timeframe. As a result, although the agreement

South Africa - 04

South Africa: Sasol’s Tax Dispute Reflects Deep Problems at Revenue Authority

The dispute between Sasol and the South African Revenue Service (SARS) over outstanding tax liabilities and penalties of 12.8bn rand ($985mn) relates to the company’s international procurement of crude between 2005 and 2014. The controversy has intensified amid growing concerns over SARS’ politicization and increasingly precarious economic position.

South Africa - 06

South Africa: Ramaphosa Campaign Gains Momentum

Ramaphosa appears to be gaining the advantage in his bid to succeed Zuma as ANC president. With less than five months to go before the ANC national conference in December, Ramaphosa is building on the Zuma camp’s failure to secure the advantage and key concessions at the July ANC policy conference. However, Ramaphosa still has

South Africa - 06

South Africa: ANC Policy Conference Signals Deepening Divisions to Come

While some radical policy interventions were raised at the ANC policy conference, such as nationalizing Sasol, they did not gain significant support. However, there were several debates that will negatively affect investor sentiment towards South Africa. These include a proposal to nationalize the South African Reserve Bank, which is coming under media attack for lacking

South Africa - 01

South Africa: DA Will Struggle to Form Opposition Coalition

The DA has started coalition talks with other opposition parties, including the EFF, ahead of the 2019 general elections. DA Federal Leader Mmusi Maimane said on 16 May that his party will consider a pre-election coalition agreement if it improves the chances of winning the election. However, there are wide political and ideological differences between

Mozambique - 03

Mozambique: Gas Ties to South Africa Set to Expand

On 19 May, during a speech in parliament, South African Minister for Energy Mmamoloko Kubayi stated that “gas is an integral part of our energy mix.” She elaborated on the government’s gas plan, which includes importing LNG through the Richards Bay plant over the next three to five years and the development of a pipeline

South Africa - 01

South Africa: Nkosazana Dlamini-Zuma: Political Prospects and Controversy

Following the end of her tenure as chairwoman of the African Union, Nkosazana Dlamini-Zuma returned to South Africa in campaign mode for the ANC succession. Dlamini-Zuma has made several public appearances in recent weeks that have given her prominence in the domestic political arena. They have also provided a better understanding of who and what

South Africa - 06

South Africa: ANC to Suffer as Zuma Survives

President Jacob Zuma has survived a week of unprecedented pressure since his cabinet reshuffle on 30 March. A credit rating downgrade has tipped South Africa toward being dropped from the investment grade grouping. Calls from numerous former allies for him to resign have been ignored, and Zuma has utilized his support in the ANC’s leadership

South Africa - 02

South Africa: Implications of Zuma’s Cabinet Reshuffle

President Jacob Zuma’s late-night reshuffle on 30 March saw both Minister of Finance Pravin Gordhan and his deputy Mcebisi Jonas ousted from the Department of Finance and Tina Joemat-Pettersson replaced with Mmamoloko Kubayi as minister of energy. A total of 10 ministers and 10 deputy ministers were reshuffled. The replacement of Gordhan and Jonas with