After South Africa’s President Cyril Ramaphosa secured the top spot in his party in December, attention has now turned to decisions his government is expected to make in 2023, the fourth year of his five-year stint.
President Cyril Ramaphosa and his camp won a decisive majority when South Africa’s ANC ruling party re-elected him in as leader in December. However, a tricky deputy poses both danger to his final term in power, observers say.
Successful debt reduction and a positive Brent crude oil price outlook have resulted in S&P Global Ratings upgrading Sasol’s credit ratings, but the company’s carbon-intensive value chain weakens its competitive edge.
André De Ruyter failed to fix load shedding at Eskom because he concentrated too much on renewable energy and not enough on coal-fired generation, Vuslat Bayoglu, managing director of mining investment company Menar, tells The Africa Report.