On Thursday morning, the Financial Times reported that the FBI had “opened an investigation into US links to South Africa’s Gupta family”. The FT noted that the “US probe has focused, in part, on Ashish
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Deputy President Cyril Ramaphosa said mounting allegations that the state has been “captured” by private business interests is damaging the nation’s international reputation, as rumours swirled that he’s
President Jacob Zuma’s decision to fire communist party leader Blade Nzimande from his cabinet is widening a rift with two of the ANC’s closest allies before a key leadership conference in December. In dismissing Nzimande as higher
South Africa is unlikely to adopt policies needed to drive growth, investment and job creation for at least several years because of infighting in the governing ANC, according to one of the country’s leading research institutions. The party
The supreme court of appeal opened the way for the reinstatement of bribery and corruption charges against President Jacob Zuma by upholding a lower court’s ruling that a decision by prosecutors to drop them
Don’t count the rand out yet. Analysts at Rand Merchant Bank and ING Groep predict the South African currency, the second-worst emerging-market performer in the past month, will rebound against the dollar by year-end as the pull
Amid robust demand for emerging market equities, there’s one place global investors are avoiding: Africa’s biggest stock market. With almost a full quarter to go, outflows from South Africa’s stock exchange have already reached
As the battle to succeed President Jacob Zuma as leader of the ANC grows increasingly fractious, party treasurer-general Zweli Mkhize is emerging as a possible compromise choice to keep the continent’s oldest
Companies controlled by the Guptas lost a court bid to prevent Bank of Baroda from shutting their accounts, which would leave the politically connected family without banking services in South Africa from the end of this month
The Reserve Bank unexpectedly kept its benchmark lending rate unchanged because it’s concerned about higher inflation expectations. The rand rallied. The central bank’s monetary policy committee