Cabinet reshuffling in South Africa: Any lesson for Nigeria?


Friday, May 31, 2019   / 4:00PM / United Capital Research  / Header Image Credit: USAfrica


South Africa’s President - Cyril Ramphosa recently announced the list of his cabinet members-50% of which were women and youth.  This came three weeks after his re-election on the 8th of May 2019, as the government prepares to bolster growth in the country’s economy over the next 5 years.

Worried about faltering economic momentum, energy sector crisis, high unemployment rate, a wide income inequality, and rising debt burden, the IMF is projecting growth at 1.3% in 2019. Thus, a swift appointment of cabinet members by the S/African President is a move to hit the ground running while hastening the implementation of the badly needed reforms required to salvage the ailing economy.

Juxtaposing the above with his Nigerian counterpart, a swift cabinet formation by the S/African President is a sharp contrast to a perceived delay in the announcement of his cabinet member by Nigerian President, who opted to postpone his inauguration speech, to June 12th, 2019.

With economic challenges in both the S/African and Nigerian economy showing signs of similarities, hitting the ground running with its policy programs & cabinet appointments would be a low hanging fruit for the Nigerian authorities to boost Growth in the Sub-Sahara Africa economy (alongside S/Africa) which continued to underperform since 2016 amid weaker growth in the two largest economies in the region. 



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Looking Forward


South Africa

Q1-19 GDP QoQ/ YoY– June 4th/5th



May-19 (CPI) Inflation - June 3rd - June 10th 


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