Eskom’s credit rating was cut to a deeper junk level by Moody’s Investors Service as South Africa delayed appointing a new board at the state-owned power producer and releasing its financial results
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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
Naspers urgently needs to appoint an independent auditor or law firm to get to the bottom of the scandal now threatening to engulf its subsidiary, pay-television operator MultiChoice. If any evidence of malfeasance is found, executives
The Democratic Alliance has called on MultiChoice to publish the contracts it entered into with the Gupta-owned 24-hour news channel ANN7 along with the record of negotiations with the channel. It also wants parliament to
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
Net1 UEPS Technologies, a unit of which distributes welfare payments in South Africa, understated its profit from the government contract in a submission to the country’s constitutional court that was audited by KPMG, a report released by
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
Despite the intervention of national treasury in an impasse between the South African Social Security Agency and the Post Office, a credible deal between both parties for the payment of social grants is yet to be
Finance minister Malusi Gigaba met with representatives of the World Bank last week to discuss financing for development of a nuclear power programme in the country, according to two people familiar with
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