The rand has held up remarkably well this quarter, considering the headwinds: an economy in recession, credit ratings reduced to junk, a government mired in allegations of corruption and a ruling party distracted by a power struggle
Browsing: Current affairs
The ANC gathers this week to review and revamp its policies at a meeting that will be overshadowed by a power struggle to succeed President Jacob Zuma as leader of the ruling party. Deputy President Cyril Ramaphosa and Nkosazana Dlamini-Zuma
Like the proverbial cat with nine lives, South Africa’s scandal-ridden president, Jacob Zuma, may well have escaped yet again with his political life. This despite another resounding loss in the country’s highest
South Africa’s new national treasury director-general, Dondo Mogajane, said the institution is focused on carrying out reforms that will get the economy out of a recession and improve its credit ratings. “We are in a mess – the mess is a low growth trap
Inflation rate rose for the first time this year in May after food-price growth quickened from the slowest pace since December 2015. Consumer price inflation accelerated to 5.4% from 5.3% in April, matching
South Africa’s top court ruled that the speaker of parliament can decide to allow a secret vote on a no-confidence motion in President Jacob Zuma but isn’t required to do so. The judgment leaves the issue in the hands of
Public protector Busisiwe Mkhwebane has ignited a flaring grass fire with recommendations around a R1.2bn bailout paid to a local bank between 1986 and 1995. Known as the Bankorp/Absa lifeboat
South Africa’s graft ombudsman has suggested changes to the nation’s constitution to amend the Reserve Bank’s primary objective of protecting the value of the currency. The chairman of parliament’s justice committee
South Africa’s graft ombudsman said she will oppose a lawsuit filed by President Jacob Zuma aimed at overturning a report drafted by her predecessor that indicated he may have breached the government’s code of
South Africa is likely to miss its 1.3% growth target this year and may have to curb spending to stick to its budget framework, finance minister Malusi Gigaba said on Thursday. “We do believe there are a number of hard decisions that will