Browsing: Cyril Ramaphosa

‘Like 1994 again’: CEOs hail Ramaphosa victory

By

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

How the Gupta empire came tumbling down

By

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

Taxes hiked as Gigaba targets debt

By

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 slows to 4.4%

By

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

Ramaphosa ‘must scrap monopoly Woan’ idea

By

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

Ramaphosa to establish ICT commission

By

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

Rand jumps to strongest level in years

By

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

Zuma resigns as president of South Africa

By

President Jacob Zuma resigned on Wednesday night, bringing an end to his scandal-marred tenure and leaving the nation’s leadership in the hands of the ANC’s new leader, Cyril Ramaphosa. “The ANC should never be