South African bonds and the rand fell after President Jacob Zuma bolstered his position by fending off calls from senior ruling party officials to quit. South Africa’s benchmark rand bond due in
Author: Agency Staff
The World Bank’s International Finance Corp said it’s pressing Net1 UEPS Technologies to complete an assessment of its lending practices this year as human rights organisations allege that the
President Jacob Zuma survived calls to resign by members of the ruling party following his decision to fire his finance…
Facebook’s WhatsApp is getting into digital payments in India, a first for a global messaging service that’s only just begun to explore ways to generate revenue. It’s chosen to kick off that maiden effort in India, a market
The head of national treasury, Lungisa Fuzile, has asked to leave his post at the end of this month, a year before his contract runs out, according to three people with knowledge of the matter. Fuzile, 51, informed
President Jacob Zuma’s shock decision to fire his finance minister and stack his cabinet with loyalists may have seemed like good politics, but it’s led to an immediate downgrade of the nation’s
Tesla’s Elon Musk poked fun at short sellers as his electric car maker’s stock surged to a record, vaulting its market value past century-old rival Ford. “Stormy weather in Shortville…” the CEO tweeted Monday, as Tesla
South Africa lost its investment-grade credit rating from S&P Global Ratings for the first time in 17 years in response to a cabinet purge by President Jacob Zuma that investors worry will thwart an economic
President Jacob Zuma should step down, his predecessor Kgalema Motlanthe said. “Simply because the apex court, the highest court in the land, has judged him to have breached oath of office,” Motlanthe said when asked in an interview
Blaming the early closure of some South African coal-fired electricity plants and subsequent job cuts on renewables is “misdirected” because generation from the fuel far outpaces clean-power supply, a former National