South African Government appoints Ngozi Okonjo Iweala as a member of the Economic Council.
Cyril Ramaphosa, the South African president is the Chairman of the Economic Council while Ngozi Okonjo Iweala and others are members of the council.
The terms of reference include to “ensure greater coherence and consistency in the implementation of economic policy and ensure that government and society in general is better equipped to respond to changing economic circumstances”.
Xenophobia attacks in South Africa have put the country’s economy in a recession for two consecutive years.
Many Investors are pulling away their resources from South Africa due to Xenophobia attacks.
The corruption cases in South Africa is minimal compared to Nigeria. Hence, the possibility of the economy picking up is very high if they can stop the killings as a result of Xenophobia.