Browsing: Jacob Zuma

How the Gupta empire came tumbling down

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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

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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

Rand jumps to strongest level in years

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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

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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

Hawks swoop on the Gupta compound

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The noose tightened on South African President Jacob Zuma on Wednesday as the police went after key allies while leaders of the ANC vowed to force him from office. Police raided the Johannesburg home of the Gupta family

Jacob Zuma to be given his marching orders

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The ANC has decided to tell President Jacob Zuma to step down after he refused the top party leadership’s request for him to resign voluntarily, according to five people familiar with the matter. The party’s national executive

Zuma’s fate set to be sealed today

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President Jacob Zuma’s fate is set to be sealed when the top leadership of the ANC meets to conclude the transition to a new administration. The national executive committee will assemble on Monday in Pretoria as Zuma