Replacing of finance minister lays bare risks of operating in Zuma’s South Africa

Issue 314 - 17 Dec 2015
Even in a country that has become accustomed to scandal and incompetence at the highest levels of government, the sudden “strategic redeployment” of finance minister Nhlanhla Nene on 9 December caused public outrage and market turbulence. Nene was replaced by unknown backbencher David van Rooyen, a man with no experience of national government. The rand fell to more than R16 to the dollar, South African government bond yields spiked, and equity in South African banks took a hammering, in what one banking source described to African Energy as the biggest domestic economic shock to hit the country since the end of apartheid rule in 1994.

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Africa Investment Exchange: Power & Renewables

16-17 November 2022, RSA House, London

Enabling power project development in Africa

First held at RSA House in 2014, AIX: Power & Renewables has become one of the meeting places of choice for Africa’s power sector stakeholders, including leading private and public sector investors, African officials and project developers.

Produced by African Energy, the meeting is held under the Chatham House Rule and structured around interactive panel-led sessions to encourage an open debate.

More than 45 panellists have so far confirmed

See the latest agenda here.

There is a 10% discount on tickets that ends on 28 October.

African Energy subscribers and AIX members receive a 35% discount on tickets

For bookings contact Ricky Purnell

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