With his job on the line, fraud charges hanging over his head and university students rioting for free education, finance minister Pravin Gordhan’s resolve to maintain fiscal discipline and avoid a junk credit
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Splits are widening in the ANC over President Jacob Zuma’s leadership and a decision by prosecutors to charge finance minister Pravin Gordhan. The depth of the unease in the party was revealed on Sunday when
Cell C’s full financial results, for the six months ended June 2016, provide detailed insight into the performance of South Africa’s third largest mobile telecommunications operator for the first time. The numbers are contained in a
R39,5bn. That’s the amount South Africans spent on cellphone contracts in 2015. This analysis of the market is possible for the first time after the publication of a transaction circular by Blue Label Telecoms, which detailed
This week, Samsung representatives are standing by at some of the world’s busiest airports, ready to exchange Galaxy Note7 phones for something new and less combustible. After dozens of fires, two recalls and the complete
Netflix surged more than 20% after reporting its streaming service signed up 3,6m subscribers in the third quarter, vanquishing – for now – investor concerns about slowing growth at the world’s largest online TV network. In the next year, the company will become
With SABMiller out of the JSE Top 40, Naspers now accounts for roughly a fifth of the index – a risk for anyone tethering their savings to the index. Naspers trades on a price-earnings multiple of about 100, which is perilously close to
The relatively trivial nature of the charges against finance minister Pravin Gordhan, and the way in which the prosecution has been pursued, leads to the conclusion that this is a trumped up charge. It also suggests that Gordhan
Divisions within the ANC are deepening and a potential downgrade of South Africa’s debt rating to junk isn’t fully priced in by markets, according to Goldman Sachs Group. The rand slumped as much as 4,3% against the dollar on
Samsung Electronics is corporate royalty in Korea. It’s also a company recognised for its marketing smarts and engineering savvy worldwide, so much so that consulting firm Interbrand ranked it as the world’s seventh most