The showdown between President Jacob Zuma and finance minister Pravin Gordhan over control of the nation’s finances appears to be reaching its endgame, after prosecutors summoned the minister to appear in court next month
Author: Agency Staff
The Democratic Alliance has filed papers in the Western Cape high court to have former SABC chief operating officer Hlaudi Motsoeneng’s appointment as group executive of corporate affairs declared invalid. In its application, the
Divisions within the ANC are deepening and a potential downgrade of South Africa’s debt rating to junk isn’t fully priced in by markets, according to Goldman Sachs Group. The rand slumped as much as 4,3% against the dollar on
Ericsson said earnings missed estimates last quarter amid waning demand for wireless network equipment, a further setback for the Swedish manufacturer struggling to reverse plunging sales and reduce costs. Revenue dropped
The remaining members of the SABC board will not win the fight to cling to their positions, an ANC MP has said. This after the board members were sent letters by parliament’s communications committee asking them to resign and
The South African Revenue Service says its tax and customs offices will close at 5pm on Friday due to a substantial IT system upgrade and maintenance. To minimise disruptions on the day, Sars said its employees
Samsung Electronics is corporate royalty in Korea. It’s also a company recognised for its marketing smarts and engineering savvy worldwide, so much so that consulting firm Interbrand ranked it as the world’s seventh most
Gupta family lawyers have told the public protector that should the findings of her state capture report include that the family was “in any way whatsoever involved in inappropriate conduct,” she would be doing so at
Renewable energy will also cost South Africa in excess of R1 trillion and it’s up to Eskom to say if they can afford it, as it will be funded from the power utility’s balance sheet, said energy minister Tina Joemat-Pettersson on Tuesday. The minister
Samsung Electronics is ending production of its problematic Galaxy Note7 smartphones, taking the drastic step of killing off a smartphone that became a major headache for the South Korean electronics maker. After halting sales of the