South Africa plans to bring in a new welfare payments system over the next two years and hasn’t yet signed a new interim contract with Net1 UEPS Technologies, the government said on Sunday. Cash Paymaster Services, a unit of Net1, will
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South Africa should consider splitting state power company Eskom into transmission and generation units to prevent it from undermining the country’s independent power producer program, the ruling ANC said. While the government has championed
Bank of Baroda’s South African unit has started closing accounts of companies controlled by the Gupta family, according to three people familiar with the matter, potentially leaving the friends of President
South Africa’s welfare agency said it withdrew its application to the nation’s highest court to extend a payment distribution contract with Net1 UEPS Technologies the day after it filed it. That’s added to
Former Eskom CEO Brian Molefe was sworn in as a member of parliament for the ANC on Thursday morning. He was controversially nominated to take up an MP seat by the ANC in the North West, prompting
Many see the decision by the ANC to send the disgraced former CEO of the power utility Eskom to parliament as the precursor to another attack on the national treasury and to remove finance minister Pravin Gordhan. The decision to give Brian Molefe
Finance minister Pravin Gordhan said he is “not indispensable” as he prepares to present the annual budget following almost a year of speculation that he might lose his job. “We are just humble civil servants,” Gordhan said in an interview
The chief parliamentary whip of the ANC threw his support behind deputy President Cyril Ramaphosa as the party’s next leader and said the ANC is in danger of losing national power in two years. While the ANC has told its members not
A South African antitrust regulator has said it found that more than a dozen international and local banks colluded to manipulate foreign-currency trades and recommended some of them be fined 10% of their annual
The opposition Democratic Alliance is scrambling to save its reputation as a party capable of governing in South Africa’s richest province following a series of gaffes by its mayor in Johannesburg. The DA assembled a task