South Africa’s new finance minister has distanced himself from a Twitter account that has amassed several followers. One account in the name of Douglas van Rooyen, @daviddvanrooyen, had over 2 600 followers as of Friday morning and follows just two accounts, one of them being
Author: Agency Staff
South Africans have taken to social media to voice their displeasure at President Jacob Zuma’s shock announcement to remove Nhlanhla Nene as finance minister. Within 24 hours, the hashtag
Local and international markets have reacted aggressively to the axing of the “capable finance minister” Nhlanhla Nene, according to TreasuryOne. International markets have displayed their
The sale of Altech Autopage’s subscriber base has been referred back to the Competition Commission, putting into question a planned shutdown date. In September, Johannesburg listed
Failure to get the R22,8bn Eskom wants to recover in its application to the National Energy Regulator of South Africa (Nersa) will weaken the power utility’s balance sheet and worsen its financial ratios, Eskom finance director Anoj Singh said on Wednesday. Eskom has
The rand tanked to its lowest level yet against major currencies on Wednesday evening, shortly after President Jacob Zuma removed Nhlanhla Nene as finance minister and replaced him with largely unknown David van Rooyen. By midnight, the rand was trading at
President Jacob Zuma on Wednesday announced the removal of finance minister Nhlanhla Nene from the finance portfolio in cabinet. “I have decided to remove Mr Nhlanhla Nene as minister of finance, ahead of his deployment to another strategic position,” Zuma said in a
More than three in four South Africans who were asked for a bribe ended up paying one, according to a survey conducted by the Ethics Institute of South Africa. The average traffic bribe costs around R200, it found, while most bribes were
Vodacom will no longer acquire Neotel’s spectrum. Instead, the mobile operator has agreed that Neotel will offer a “roaming agreement” to all the mobile network operators. The surprise development comes after Vodacom and Neotel asked the
Global smartphone shipments are losing steam, but lower-priced devices and the African market are likely to be engines of growth, says an international research organisation. International Data Corp last week forecast that global smartphone growth