Debt and corruption scandals at Eskom make the utility the biggest risk to South Africa’s economy and the government needs to replace its management, Goldman Sachs Group has said. Eskom plans to
Browsing: Jacob Zuma
Companies controlled by the Guptas lost a court bid to prevent Bank of Baroda from shutting their accounts, which would leave the politically connected family without banking services in South Africa from the end of this month
After helping topple one of Britain’s best known PR companies, South African anti-corruption groups are now targeting US consultancy McKinsey & Co and auditing firm KPMG for doing work for
Deputy President Cyril Ramaphosa has an edge in the race to become the next leader of the ANC, according to a survey of analysts. Sixteen of 26 analysts canvassed by Bloomberg named Ramaphosa as the front-runner to take over
South Africa’s richest man, Johann Rupert, said on Wednesday that “radical economic transformation”, the policy championed by the President Jacob Zuma to reduce racial inequality, is no more
Business confidence has fallen to the lowest level since a partial state of emergency declared by the former all-white government in 1985. An index compiled by the South African Chamber of Commerce and Industry fell
The high court has overturned the election of ANC leaders allied to President Jacob Zuma in KwaZulu-Natal province, a decision that could sway the outcome of the race to become leader of the party and the nation. The decisions
Bell Pottinger has been thrown out of the UK industry body for public relations companies in an unprecedented ruling following an investigation into work it carried out on behalf of the Gupta family in South Africa. The company’s
South African business leaders are preparing for more credit-rating reductions as mismanagement hobbles state companies and after bad decisions by President Jacob Zuma, according to the head of one of the country’s biggest corporate lobby groups
Anyone who believes there’s a quick fix for South Africa’s political and financial malaise when President Jacob Zuma leaves office needs to think again. His successor will inherit an economy that slid into recession