Browsing: Current affairs

Deputy President Cyril Ramaphosa won endorsement from most ANC branches to succeed President Jacob Zuma as ruling party leader, giving him an edge – but not a guarantee of victory – in this month’s election. Ramaphosa was nominated

An acrimonious battle for control of the ANC has paralysed several government departments, as ruling party leaders focus on electioneering and officials delay taking decisions until they learn who their new political masters will

Deputy President Cyril Ramaphosa is leading in the race to become the next leader of the ANC with less than four weeks before the party’s elective conference, according to more than a dozen people familiar with the internal voting process

Robert Mugabe’s near four-decade reign as the strongman of Zimbabwe ended on Tuesday, when he submitted a letter of resignation to parliament, sparking scenes of celebration across the capital, Harare. House of assembly speaker Jacob

HSBC Holdings is shutting accounts associated with the powerful Gupta family as it assesses its exposure to the scandal gripping South Africa. The bank is conducting a wide-ranging review of any possible

Deputy President Cyril Ramaphosa said the governing ANC must restore investor confidence and avoid populist policies in order to revive the struggling economy. Bold, decisive action is needed to change South Africa’s growth trajectory

South Africa faces a stark choice: risk strikes by as many as 1.3m government workers or meet their pay demands and jeopardise its credit rating. After years of above-inflation increases, public sector unions now want nothing less than

South Africa needs to do what other nations do during times of economic weakness and come up with a recovery plan that grabs the imagination of investors and its people, deputy President Cyril Ramaphosa said in

South Africa forecast higher debt and wider fiscal deficits over the next three years, heightening the risk of further credit ratings downgrades as a fight for control of the ruling party limits policy choices. The nation’s

Finance minister Malusi Gigaba faces a gaping budget hole — and will have to consider cutting spending, raising taxes and selling state assets if he wants to avoid further ratings downgrades. The economy he oversees is hampered by