President Cyril Ramaphosa appointed former central bank Governor Tito Mboweni as his finance minister on Tuesday, replacing Nhlanhla Nene.
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A judgment by the constitutional court that compels former social development minister Bathabile Dlamini to pay 20% of the legal costs associated with the social grants fiasco out of her own pocket is a significant development.
The rand is undervalued and there’s scope for the currency to strengthen to as much as R11/US$, said Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group.
South Africa’s top court ordered former social development minister Bathabile Dlamini to pay a portion of the costs related to legal processes stemming from a dispute over the country’s welfare-grants system.
President Cyril Ramaphosa unveiled plans on Friday to reallocate R50-billion of the national budget, set up a new infrastructure fund and a range of other measures to revive an economy that’s mired in recession.
MTN Group is considering a replacement for long-time chairman Phuthuma Nhleko, with former deputy finance minister Mcebisi Jonas lined up as his possible successor.
More than R260-million. That is how much the now-defunct Gupta media entities The New Age and Infinity Media scored from government advertising contracts from 2011 to 2018.
President Cyril Ramaphosa has suffered the same false start as his predecessor nine years ago: a recession in his first six months in office.
If former communications minister Roy Padayachie was doing the Guptas’ bidding, as his predecessor, Siphiwe Nyanda, now suggests, it’s deeply disappointing.
Newzroom Afrika will replace the formerly Gupta-owned and now-defunct Afro Worldview (previously ANN7) on DStv, MultiChoice South Africa CEO Calvo Mawela said on Tuesday.