South Africa’s economy contracted the most in nine years in the first quarter of 2018 as mining and factory output fell. GDP shrank an annualised 2.2% in the first quarter of the year compared to the prior three
Telkom CEO Sipho Maseko said on Monday that it appears government has backtracked – at least for now – on a plan to sell a portion of its stake in the telecommunications operator, though he admitted anything
South African business confidence has declined to levels last seen when Jacob Zuma was still the president. The index dropped to 96 in April from 97.6 the previous month, the South African Chamber of Commerce
Former deputy finance minister Mcebisi Jonas, who was controversially fired from the position by former President Jacob Zuma, will join MTN Group as a nonexecutive director on 1 June, the Johannesburg-headquartered
South Africans are apparently so elated at the exit of Jacob Zuma as president that their confidence as consumers has made an unprecedented jump to an all-time high. The 34-point move in First National Bank’s index
South Africa’s economic growth could pick up faster than forecast if the right structural reforms are implemented, the Reserve Bank said. That means the economy could expand faster than the 2% for 2020 the central
President Cyril Ramaphosa has put in place a process that will deal with the issue of e-tolls, according to the Gauteng provincial government. “The process has started and the president himself is going to lead
After a decade of unprecedented growth in staff numbers, cash-strapped power utility Eskom is finally tackling the controversial issue of its headcount. State-owned Eskom, seen by Goldman Sachs Group as the biggest single
Last week, deputy chief justice Raymond Zondo said as chairman of the commission of inquiry into allegations of state capture, corruption and fraud that his hope is that once the commission has completed
The National Prosecuting Authority said it’s pursuing 16 charges against former President Jacob Zuma including graft and racketeering that were shelved nine years ago amid allegations of political interference