But despite these utterances and desires, it is unclear how precisely expanding the central bank’s mandate – to, for example, dictate looser monetary policy and lower interest rates (in a higher inflation context) – will cure the myriad ideological and policy wounds the governing party has inflicted on the economy.
Chris Hattingh is Executive Director at the Centre For Risk Analysis (CRA). With a special focus on trade, investment, and economic matters, as well as foreign policy, Chris serves on the Executive Board of the Global Trade and Innovation Policy Alliance, sits on the advisory council of the Initiative for African Trade and Prosperity and holds the position of Senior Fellow at African Liberty. Chris holds an MPhil (Business Ethics) degree from Stellenbosch University. In his role at the CRA, Chris leads strategic engagements and briefings to clients across South Africa, as well as globally.
All in all a dynamic environment for the foreseeable future but with adversity comes opportunity and taking on these challenges is part of South Africa’s DNA, especially if businesses, communities, and civil society organisations can work together.
That SA is one of the countries cited as a potential drag on the Sub-Saharan African region’s growth prospects for 2023 stands to reason given the ideological and policy constraints imposed on the country’s potential by the government.
7 December 2022 - John Endres (Director) and Chris Hattingh (Senior Policy Analyst) of the CRA set out five political implications arising from the Phala Phala affair.
Little chance of a decent return if private companies get only two years to operate on SOE-controlled lines.
It is also vital to bear in mind that Eskom’s problems effectively act as a hard cap on South Africa’s growth potential.
Private sector investment, not a national shipping company, will solve the problems of dysfunctional rail network.
The US economy is headed for a recession in 2023. It could even be in a recession already. The US Federal Reserve has consistently hiked interest rates this year to control inflation. Senior Policy Analyst at the Centre for Risk Analysis, Chris Hattingh speaks to eNCA.