{{ subpage.title }}

Coronavirus Politics Daily: Lebanese protests return, Japanese gangs help out, Ramaphosa capitalizes on crisis

A boost for Ramaphosa: Since President Cyril Ramaphosa came to power in South Africa in 2018, factional rivalries inside his own party, the African National Congress (ANC), have undermined the president's attempt to pass much-needed economic reforms. But the unprecedented coronavirus crisis seems to have provided him an opportunity to do just that. Ramaphosa has directed 10 percent of total GDP to a COVID stimulus and rescue package, the largest in South Africa's history, giving him political room to face down powerful unions and freeze public sector wages. And he has approached the World Bank and IMF for crucial financial support. ANC members aligned with former president Jacob Zuma have long rejected any deals with the IMF, in part over fears that the Fund's scrutiny would reveal their party's well-documented corruption. But as further coronavirus-related economic hardship stalks the 50% of South Africa's population who already live in poverty, Ramaphosa's political opponents have stayed largely mum on his plan to increase borrowing from international lenders to weather the crisis. Still, it remains to be seen whether Ramaphosa will seize upon the crisis to try for an even bigger prize: reforming South Africa's bloated and failing state companies.

Read Now Show less

A post-American World

In a post-American world, what will the Middle East look like? Richard Haass , President, Council on Foreign Relations, provides a picture of what the future holds on GZERO World.

Latest