Issue 413 - 17 Apr 2020
President Cyril Ramaphosa’s administration has
frequently been criticised for the slow pace of reform,
particularly as national utility Eskom has slipped deeper
into crisis. However, the coronavirus pandemic has so far been
widely seen as strengthening his political position, while
dampening the impact of Moody’s downgrade of the
sovereign debt rating to below investment grade. This could
provide an opportunity for pushing through reforms and
seeking more international support. A $1bn loan from the
New Development Bank has already been secured, while
ministers have mooted support from the World Bank Group
and International Monetary Fund (IMF).
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