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South Africa economy turnaround. Pexels / Sherissa; Rawpixel; Currency

The investment gap behind South Africa’s recovery story

South Africa’s recovery narrative is gaining traction, yet the foundations for faster growth remain worryingly thin

South African President Cyril Ramaphosa address the media with EU leaders in Johannesburg, South Africa, Thursday, Nov. 20, 2025. (AP Photo/Themba Hadebe)

How Ramaphosa lost business

Business leaders tell Currency their faith in Ramaphosa has run out – and why the GNU, not the president, anchors confidence

fitch ratings upgrade south africa. rawpixel; currency

Fitch upgrade is a starting point, not the finish line

Fitch’s upgrade rewards Treasury’s fiscal discipline, but sustained growth will depend on faster structural reforms

Luba Lesolle/Gallo Images via Getty Images (Julius Malema); Ziyaad Douglas/Gallo Images via Getty Images (Jacob Zuma); Brenton Geach/Gallo Images via Getty Images (Paul Mashatile); Laird Forbes/Gallo Images via Getty Images (Geordin Hill-Lewis); Rawpixel; Currency collage

A post-GNU nightmare: Mashatile, Malema and MK  

Where is South Africa headed politically? The good news is the GNU will hold until December 2027. After that, all bets are off

Transnet Eskom stalled. Photo by Gallo Images – Misha Jordaan / Freepik / Rawpixel / Currency collage

How Eskom and Transnet are blocking growth reforms  

Transnet and Eskom are acting as both referee and player, says BLSA, while political interference at municipalities is as bad as ever

Nigeria

Nigeria’s reform gamble: growth finds its feet, but poverty still bites

The West African country’s economy has pulled back from the brink. But those gains haven’t translated into better lives for ordinary Nigerians

Rewind the economy. Picture: Currency

Bring back the 90s to reset South Africa’s economy

South Africa is facing stage four economic cancer. But real reforms, tough choices, and strong leadership can set us right