Independent Economist Bonke Dumisa has welcomed the reappointment of South Africa's Finance Minister Enoch Godongwana to the new Government of National Unity (GNU) unveiled by President Cyril Ramaphosa.

According to Bonke, the establishment of a GNU also offers reassurance to investors who were worried about the nature of government that would emerge after the May elections.

Dumisa believes that understanding the potential consequences of remaining on the Financial Action Task Force's grey list for an extended period could shed light on how it affects investor confidence, foreign direct investment, and overall economic stability.

Channel Africa business reporter Innocent Semosa spoke to Dumisa about the potential economic impacts South Africa could face if it fails to exit the grey list by June 2025.

Independent Economist Bonke Dumisa has welcomed the reappointment of South Africa's Finance Minister Enoch Godongwana to the new Government of National Unity (GNU) unveiled by President Cyril Ramaphosa.
According to Bonke, the establishment of a GNU also offers reassurance to investors who were worried about the nature of government that would emerge after the May elections.
Dumisa believes that understanding the potential consequences of remaining on the Financial Action Task Force's grey list for an extended period could shed light on how it affects investor confidence, foreign direct investment, and overall economic stability.
Channel Africa business reporter Innocent Semosa spoke to Dumisa about the potential economic impacts South Africa could face if it fails to exit the grey list by June 2025.

Africa Rise & Shine

Reaction to reappointment of SA's Finance Minister Enoch Godongwana

In a response to the deteriorating situation in eastern Democratic Republic of Congo following the resurgence of the March 23 Movement (M23) rebel group, Southern African Development Community - SADC deployed a military force, led by the South African military, to stabilise the region in December 2023.

According to the UN, over 6 million have been displaced in the DRC as a result of the armed conflict.

The deployment followed the withdrawal of Monusco - the United Nations peacekeeping mission in the DRC, after 20 years since it was sent to the country. Over 2,900 South Africa's soldiers are part of the Mission, however, concerns have been raised regarding the vulnerability of the South African army currently deployed in the DRC.

To discuss further is National Secretary for the South African National Defence Union (SANDU), Adv Pikkie Greeff and Defence analyst Helmoed Heitman.

In a response to the deteriorating situation in eastern Democratic Republic of Congo following the resurgence of the March 23 Movement (M23) rebel group, Southern African Development Community - SADC deployed a military force, led by the South African military, to stabilise the region in December 2023.
According to the UN, over 6 million have been displaced in the DRC as a result of the armed conflict.
The deployment followed the withdrawal of Monusco - the United Nations peacekeeping mission in the DRC, after 20 years since it was sent to the country. Over 2,900 South Africa's soldiers are part of the Mission, however, concerns have been raised regarding the vulnerability of the South African army currently deployed in the DRC.
To discuss further is National Secretary for the South African National Defence Union (SANDU), Adv Pikkie Greeff and Defence analyst Helmoed Heitman.

Concerns raised over availability of resources for SANDF soldiers deployed in DRC

Accounting firm, KPMG International, is forecasting global growth will slow from the 2-point-7 percent 2023 pace to 2-point-5 percent in 2024 and rebound to 2-point-7 percent next year.

Inflation is expected to continue to cool, but in many countries the price pressure will take longer to unwind than it took to emerge.

The latest predictions in KPMG's Q2 2024 Global Economic Outlook reflect the current elevated geopolitical uncertainty, with nearly half of the world's population already voting or heading to the polls in 2024.

For more, Channel Africa's reporter Lebogang Mabange spoke to Chief Economist at KPMG South Africa, Frank Blackmore.

Accounting firm, KPMG International, is forecasting global growth will slow from the 2-point-7 percent 2023 pace to 2-point-5 percent in 2024 and rebound to 2-point-7 percent next year.
Inflation is expected to continue to cool, but in many countries the price pressure will take longer to unwind than it took to emerge.
The latest predictions in KPMG's Q2 2024 Global Economic Outlook reflect the current elevated geopolitical uncertainty, with nearly half of the world's population already voting or heading to the polls in 2024.
For more, Channel Africa's reporter Lebogang Mabange spoke to Chief Economist at KPMG South Africa, Frank Blackmore.

KPMG International forecasts a slowing of global growth in 2024

Ethiopian security forces have committed widespread attacks amounting to war crimes against medical professionals, patients, and health facilities in the country's northwestern Amhara region, Human Rights Watch said in a 66-page report released this week.

 The region was under a state of emergency until last month after fighting erupted there between federal forces and the Fano self-defence militia in August 2023.

For more on this report, Peter Ndoro spoke to Laetitia Bader, Deputy Africa Director at Human Rights Watch.

Ethiopian security forces have committed widespread attacks amounting to war crimes against medical professionals, patients, and health facilities in the country's northwestern Amhara region, Human Rights Watch said in a 66-page report released this week.
 The region was under a state of emergency until last month after fighting erupted there between federal forces and the Fano self-defence militia in August 2023.
For more on this report, Peter Ndoro spoke to Laetitia Bader, Deputy Africa Director at Human Rights Watch.

Reaction to reappointment of SA's Finance Minister Enoch Godongwana

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