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South Africa’s economic outlook

South Africa’s part took in the 6th National elections – the African National Congress (ANC) won majority in the parliamentary elections, once again. Now the focus has shifted to economic growth, the IMF (International Monetary Fund) forecasted to be 1.2% in 2019 and 1.5% in 2020 by the International Monetary Fund.

Yesterday Statistics South Africa released its quarterly unemployment numbers which indicated that the unemployment rate has increased in the first quarter of 2019 by 0.5% giving South Africa an unemployment rate of 27.6%.

Corruption in South Africa is also another major concern as this has been noted to affect public morale and distrust in politicians and lowering the voter turnout in the 8 May general elections. 

The government will have to work to restore faith in government organization and institution to get private sector buy-in. The high unemployment rate, corruption, and a negative economic outlook are some of the many issues the reelected government and President Cyril Ramaphosa will have to tackle.voters will be watching and how these problems are handled could determine future elections results.

President Ramaphosa before elections underwent a massive investment drive look to get $100 Billion to spark the economy again and create jobs, as well as a job summit which took place last year. Ramaphosa will need time to see if any of these initiatives help South African citizens.

 

By Mokgethi Mtezuka

OPINION | South Africa’s 2019 elections

The South African National election next year will be contested by South Africa’s top 3 partied the African National Congress (ANC), which is the ruling parting and has been governing since 1994, the official opposition party the Democratic Alliance (DA) and the Economic Freedom Fighter (EFF).

The ANC is expecting an easy win come the national election stated by the President of South Africa and President of the ANC, Cyril Ramaphosa. President Ramaphosa has also hinted at moving the day of the election to the end of May 2018 as reported by news24.com.

Ramaphosa sighted the returning ANC supporters as the leading reason for their potential victory. The ruling party will also be looking to push through land reform, highlight is free education policy, as well as navigate the technical economic recession with the introduction of a stimulus package.

For the DA, the party on Saturday launched its 2019 election campaign with the slogan “One South Africa for all” and they’ve promised to fighting corruption, crime, increasing jobs and service delivery. DA leader Mmusi Maimane also took the opportunity to reveal the core election team and the DA’s premier candidates.

The Economic Freedom Fighter’s agenda is specifically focused at land reform and is polarizing support around that issue.

 The decline of ANC supporter’s base due to the hardening economic conditions in South Africa (unemployment, drug abuse, crime, education and healthcare) has also as been a positive tool for the EFF in gaining popularity.

According to Thesouthafrican.com report on Institute of Race Relations (IRR) opposition party, Economic Freedom Fighters (EFF) is expected to double voter numbers in the upcoming elections.

 

By Mokgethi Mtezuka