President Cyril Ramaphosa reshuffled his cabinet late on Monday evening. He appointed Nomvula Mokonyane as the new minister of communications, replacing Mmamokolo Kubayi-Ngubane. The ministry of
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South African company heads cheered the start of Cyril Ramaphosa’s presidency, saying that business and consumer confidence were sure to improve following the departure of scandal-hit Jacob Zuma. The result should be economic
For years, brothers Ajay, Atul and Rajesh Gupta were ranked among South Africa’s most prominent businessmen and socialised with the ruling elite, including their friend, then-President Jacob Zuma. They weathered accusations that
The ANC took a political gamble by increasing sales tax ahead of elections next year as new President Cyril Ramaphosa seeks to stabilise debt and prevent a third junk credit rating. The value-added tax rate will be raised
South Africa’s inflation rate slowed in January, easing pressure on the central bank to maintain a tight monetary stance. Inflation slowed to 4.4% from 4.7% in December, Statistics South Africa said Wednesday in
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Former cabinet ministers banished to the political wilderness under Jacob Zuma’s presidency are set to make a comeback as his successor prepares to revive the stagnant economy. The ANC top-six officials, including
If President Cyril Ramaphosa is serious about preparing South Africa for the so-called “fourth industrial revolution”, he would be well advised to scrap the plan to create a “monopoly” wholesale open-access network
President Cyril Ramaphosa, in his maiden state-of-the-nation address, said government will soon establish a “digital industrial revolution commission” to ensure South Africa “is in a position to seize the opportunities and
Traders couldn’t be happier to see the end of President Jacob Zuma’s nine years in power. The 75-year-old leader had driven Wall Street to wit’s end in recent years amid ratings downgrades, declining growth and a string of scandals