The International Monetary Fund approved R71-billion in emergency funding for South Africa, the largest emergency disbursement for any country yet to assist with fighting the coronavirus pandemic.
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The CEO of South Africa’s beleaguered state-owned defence firm, Denel, will step down on 15 August, the company said on Monday.
South Africa can fix Eskom’s balance sheet by transferring its guaranteed debt to the government’s balance sheet, according to the former CEO of Goldman Sachs Group in sub-Saharan Africa.
Communications minister Stella Ndabeni-Abrahams has thrown a spanner in the works over the appointment of six new councillors to Icasa at a critical juncture for the regulator as it gears up to license new broadband spectrum.
If you’ve been waiting a long time for a parcel from the Post Office, the state-owned postal service says it is experiencing hold-ups due to Covid-19 restrictions.
Finance minister Tito Mboweni said national treasury has no plans to boost income tax, corporate tax or VAT even as the coronavirus decimates the nation’s finances.
Too rich for debt relief available to most African nations and hobbled by its politics, South Africa is facing a public financing crisis.
South Africa must cut spending to avoid a sovereign debt crisis within the next four years, finance minister Tito Mboweni has warned.
The government told asset managers and banks it needs R1.5-trillion of infrastructure investment over the next decade, the country’s biggest specialist fixed-income fund said.
Apple on Tuesday found itself the target of two EU antitrust investigations into its App Store and Apple Pay as regulators said its terms and conditions and restrictions may violate the bloc’s competition rules.