Business confidence has declined to the lowest level this year as industries raised concern about policy uncertainty, including the ruling party’s plan to change the constitution.
Browsing: Current affairs
President Cyril Ramaphosa has suffered the same false start as his predecessor nine years ago: a recession in his first six months in office.
For the past eight years, South Africa was heading down the road to being run as a criminal enterprise.
A member of the Gupta family offered former deputy finance minister Mcebisi Jonas R600-million to take the top ministry post and threatened to kill him if he spoke of the offer, Jonas told a judicial inquiry.
South African inflation accelerated to the highest level in 10 months in July, driven by higher fuel prices.
President Cyril Ramaphosa had hopes of lifting economic growth to 3% in 2018. Economists think that goal is even more unattainable than before.
The rand plunged the most in almost a decade and Mexico’s peso slumped as financial turmoil in Turkey sapped demand for emerging market assets.
Brace for hikes in the cost of gadgets and other technology items. The rand has weakened beyond R14/US$ for the first time since a credit downgrade in November.
South Africa’s biggest bank heist took place without a single shot being fired.
The rand’s comeback against the dollar this month will run out of steam as US rates rise and the trade war between the world’s two biggest economies weighs on global growth, according to the most accurate