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
Author: Agency Staff
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
Tesla set a record for deliveries and production in the first quarter, beating analysts’ estimates as CEO Elon Musk prepares to begin building the Model 3 in July. The maker of electric cars and energy-storage devices
Elon Musk is planning a first test run late this (northern hemisphere) summer with what his SpaceX bills as the most powerful rocket in the world, a step toward sending two paying tourists around the moon late next year.
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
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