Scandal-hit state power utility Eskom placed chief financial officer Anoj Singh on special leave on Thursday after he was linked to a series of questionable deals with members of the Gupta family who are
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[South Africa’s inflation rate fell to its lowest in 19 months in June, creating room for the central bank to shift toward looser monetary policy. Inflation slowed to 5.1% from 5.4% in May, Pretoria-based Statistics
So, government is considering merging Broadband Infraco and Sentech. This makes little sense and suggests the ANC is so blinded by its ideological opposition to privatisation that it won’t make decisions that are patently in
South Africa will extend more support to beleaguered state-owned power utility Eskom and is considering selling assets as part of a 14-point plan to revive an economy that’s in its second recession in almost a decade. The country will
The International Monetary Fund just pointed out that “South Africa’s vulnerabilities have become more pronounced”. That’s one way of putting it. A potentially prosperous and dynamic economy is on the fast track to
Deputy President Cyril Ramaphosa used his strongest words yet to slam deepening corruption and the undue influence of private business interests over government institutions, known as “state
Eskom said on Monday that auditors have raised concerns about issues relating to Matshela Koko and Brian Molefe, who both ran South Africa’s state-run power utility this year, in their year-end review. The company’s external auditors
The ANC will come up with a comprehensive policy package to simultaneously boost growth, address racial inequality and tackle a 28% unemployment rate, a top party official said. The ANC is looking at “how you get growth, how you
Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes in the wake of allegations related to his tenure as CEO and senior partner at KPMG South Africa, said he offered to step aside from the
Infighting and scandal are threatening the stranglehold the ANC has held on power since the end of apartheid. The parlous state of Africa’s oldest political movement, once revered for its role in ending white-minority rule