Michael Cohen
South African Government Reporter at Bloomberg News
Bloomberg News journalist. African politics junkie. Opinions are my own. [email protected]
Articles
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2 weeks ago |
bloomberg.com | Paul Vecchiatto |Michael Cohen
South African lawmakers will spend the coming weeks processing Finance Minister Enoch Godongwana’s third draft of the national budget after a dispute within the coalition government over taxes saw two previous versions scrapped. The tussle over the proposal raised concern among investors that the so-called government of national unity may unravel and that state services will be disrupted if it isn’t passed by a July 31 deadline.
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2 months ago |
bloomberg.com | Michael Cohen
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. African nations were blindsided by US President Donald Trump’s trade war and are desperately seeking to forge a response.
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2 months ago |
bloomberg.com | Michael Cohen |Ana Monteiro
South Africa’s ruling coalition will remain intact for now, even as its main members continue to spar over the national budget. The Democratic Alliance, the second-largest party in the so-called government of national unity, voted against a key budget law last week, saying it didn’t do enough to fire up the economy and shouldn’t have incorporated tax increases.
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2 months ago |
bloomberg.com | Paul Vecchiatto |Michael Cohen
South Africa’s ruling coalition risks unraveling after a dispute between its main members over proposed tax increases deepened, pummeling the rand. Tensions within the alliance were already running high because of disagreements over a series of contentious laws and exploded after the fiscal framework, which underpins the budget and incorporates a proposal to raise the value-added tax rate, was approved by the National Assembly late Wednesday.
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2 months ago |
bloomberg.com | Ray Ndlovu |Michael Cohen
Zimbabwe’s President Emmerson Mnangagwa has repeatedly insisted that he’ll retire when his second term comes to an end in 2028. Nonetheless, speculation continues to swirl that he could seek to extend his tenure beyond this constitutional limit. This is setting the stage for a potential power struggle if he refuses to pass on the presidential baton.
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Germany’s admission that a colonial-era massacre in Namibia constituted genocide shines a light on Europe’s shameful imperial past and growing calls for a reckoning https://t.co/0KKCDk2KRu via @bpolitics
The meltdown at South African municipalities is taking an interesting nerw twist https://t.co/EE4ppjzDog via @bpolitics
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