Client Note

Client Note

The Client Note is a short ad-hoc piece of analysis providing a detailed look at specific developments occurring either on the local or international stage. It either shows how occurrences abroad may affect the political and economic dynamics of South Africa, or how developments in South Africa may affect the country’s global standing as an investment destination.

Heightened risk of winter loadshedding

In this exclusive CRA Client Note, Anlu Keeve unpacks the latest Eskom system data. Underlying trends indicates that South Africa’s power system remains fragile.

Client Exclusive | Budget 2025 Part 4 - What now?

In this exclusive CRA Client Note, John Endres unpacks what clients should expect in the immediate aftermath of the tabling of the 2025 National Budget, with potentially serious ramifications for the Government of National Unity.

Client Exclusive | Budget 2025 Part 3 - What now?

In this exclusive CRA Client Note, Anthea Jeffery and Hermann Pretorius unpack what clients should expect in the immediate aftermath of the tabling of the 2025 National Budget, with potentially serious ramifications for the Government of National Unity.

Client Exclusive | Budget 2025 Part 2 - What now?

In this exclusive CRA Client Note, Anthea Jeffery and John Endres unpack what clients should expect in the immediate aftermath of the tabling of the 2025 National Budget, with potentially serious ramifications for the Government of National Unity.

Client Exclusive | Budget 2025 - What now?

In this exclusive CRA Client Note, Dr John Endres and Hermann Pretorius unpack what clients should expect in the immediate aftermath of the tabling of the 2025 National Budget, with potentially serious ramifications for the Government of National Unity.

Transnet Update

A December 2024 statement by Transnet signals movement towards greater private-sector participation in freight rail.

In this exclusive Client Note, CRA Analyst Carika Middelberg looks at how effective the deal between Transnet and private train operating companies will be in terms of improving South Africa's railway operations.
  
Ms Middelberg points out that disagreements around tariffs and responsibilities show that the government often has an unrealistic view of how to encourage private-sector participation.

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The Expropriation Act and your business

The Expropriation Act, recently signed into law by President Cyril Ramaphosa, raises South Africa’s investment risk premium.

In this exclusive Client Note, CRA Director John Endres details the risks the Act poses for the property rights of individuals and businesses.
  
Dr Endres argues that the Act will harm investor confidence in South Africa and threaten the stability of the Government of National Unity. 

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Early Trump signal for US-SA trade

A new executive order introduced by United States President Donald Trump could potentially see South Africa lose access to the lucrative Africa Growth and Opportunity Act (AGOA).

In this exclusive Client Note, CRA Executive Director Chris Hattingh unpacks how the review of US trade agreements could impact South Africa's economy as well as the stability of the Government of National Unity.

The loss of AGOA access would send a clear, negative signal to international investors.

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