Browsing: Current affairs

South Africa’s inflation rate slowed in January, easing pressure on the central bank to maintain a tight monetary stance. Inflation slowed to 4.4% from 4.7% in December, Statistics South Africa said Wednesday in

The rand reached a three-year high after Cyril Ramaphosa was sworn in as head of state on 15 February, fueling optimism among investors that management of South Africa’s economy will improve. Benchmark bond yields fell

On the same day that people linked to the three politically connected Gupta brothers were granted bail by a South African court after appearing on graft charges, one of the siblings, Ajay Gupta, was declared a fugitive. Varun

Traders couldn’t be happier to see the end of President Jacob Zuma’s nine years in power. The 75-year-old leader had driven Wall Street to wit’s end in recent years amid ratings downgrades, declining growth and a string of scandals

President Jacob Zuma resigned on Wednesday night, bringing an end to his scandal-marred tenure and leaving the nation’s leadership in the hands of the ANC’s new leader, Cyril Ramaphosa. “The ANC should never be

The noose tightened on South African President Jacob Zuma on Wednesday as the police went after key allies while leaders of the ANC vowed to force him from office. Police raided the Johannesburg home of the Gupta family

The ANC has decided to tell President Jacob Zuma to step down after he refused the top party leadership’s request for him to resign voluntarily, according to five people familiar with the matter. The party’s national executive

President Jacob Zuma’s fate is set to be sealed when the top leadership of the ANC meets to conclude the transition to a new administration. The national executive committee will assemble on Monday in Pretoria as Zuma

President Jacob Zuma appeared a step closer to resigning after the ANC delayed an emergency meeting to discuss whether to force him from office. The decision by the national executive committee, the ANC’s top