South Africa’s jobless rate stayed at a 14-year high in the three months to June as agriculture, mining and construction lost positions while finance and trade employed more people. The unemployment rate was
Browsing: Current affairs
South Africa’s debt-laden state-owned companies may represent the single biggest risk to the country’s economy, according to Nedbank CEO Mike Brown. The assets, which include power utility Eskom
President Jacob Zuma is likely to defeat a motion of no-confidence, irrespective of whether there’s an open vote or secret ballot, as most members of the ruling party will close ranks around him, a senior opposition lawmaker
The International Monetary Fund just pointed out that “South Africa’s vulnerabilities have become more pronounced”. That’s one way of putting it. A potentially prosperous and dynamic economy is on the fast track to
Deputy President Cyril Ramaphosa used his strongest words yet to slam deepening corruption and the undue influence of private business interests over government institutions, known as “state
After more than three months of vehement denials of stirring racial tension in South Africa while working for the Gupta family, UK-based PR firm Bell Pottinger fired four employees who worked on the account. The
In South Africa, membership of the quirkiest club in global central banking just lost some of its cachet. The Reserve Bank is one of a handful around the world still owned by shareholders, and that eccentric structure
The ANC will come up with a comprehensive policy package to simultaneously boost growth, address racial inequality and tackle a 28% unemployment rate, a top party official said. The ANC is looking at “how you get growth, how you
Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes in the wake of allegations related to his tenure as CEO and senior partner at KPMG South Africa, said he offered to step aside from the
Infighting and scandal are threatening the stranglehold the ANC has held on power since the end of apartheid. The parlous state of Africa’s oldest political movement, once revered for its role in ending white-minority rule