New finance minister Malusi Gigaba said he will work within the country’s fiscal framework and doesn’t plan to remove treasury director-general Lungisa Fuzile. “I will work within the fiscal framework as agreed by
Author: Agency Staff
Social development minister Bathabile Dlamini admitted for the first time that the failure of her department to comply with a 2014 court order could have led to more than 17m welfare recipients not getting their
President Jacob Zuma is coming under increased pressure from inside his ruling ANC to justify sweeping cabinet changes in which he fired the finance minister, sending the rand tumbling and borrowing costs
President Jacob Zuma faced a widening public backlash from senior members of the ANC, including his deputy, Cyril Ramaphosa, the day after he fired his finance minister and made sweeping cabinet changes. “I have made
Huawei Technologies’ earnings grew at their slowest pace in five years, as China’s biggest maker of telecommunications gear sank money into research and a marketing blitz to gain ground on Apple and Samsung in
South African bank stocks tumbled and bonds plunged as the rand headed for its biggest weekly slide since 2015 after the firing of finance minister Pravin Gordhan raised concerns about the country’s fiscal path and its
Elon Musk’s SpaceX flew a reused rocket to space and back again, a key milestone to reducing launch costs and one day enabling people to live on other planets. A SpaceX Falcon 9 rocket rumbled aloft, deposited a customer’s
South Africa’s new finance minister, Malusi Gigaba, will have to steer an economy that’s barely growing, fend off a junk credit rating and reassure investors that he’ll protect the national treasury’s
South Africa’s rand headed for its biggest weekly slide since 2015, after the firing of finance minister Pravin Gordhan raised concerns about the country’s fiscal path and its investment-grade credit rating. President Jacob
President Jacob Zuma fired finance minister Pravin Gordhan and eight other cabinet members in a high-stakes power play that may threaten his own presidency and place the nation’s investment grade credit rating at