South African bonds and the rand fell after President Jacob Zuma bolstered his position by fending off calls from senior ruling party officials to quit. South Africa’s benchmark rand bond due in
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The recent cabinet reshuffle has left the renewable energy industry in shock as the key politicians leading the implementation of government’s renewable energy independent power producer programme were
President Jacob Zuma survived calls to resign by members of the ruling party following his decision to fire his finance…
The news that South Africa’s sovereign rating has been downgraded caught many by surprise. But it was long coming. The main reason for the rating agency’s decision is clearly concerns about political leadership
President Jacob Zuma’s shock decision to fire his finance minister and stack his cabinet with loyalists may have seemed like good politics, but it’s led to an immediate downgrade of the nation’s
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South Africa lost its investment-grade credit rating from S&P Global Ratings for the first time in 17 years in response to a cabinet purge by President Jacob Zuma that investors worry will thwart an economic
President Jacob Zuma should step down, his predecessor Kgalema Motlanthe said. “Simply because the apex court, the highest court in the land, has judged him to have breached oath of office,” Motlanthe said when asked in an interview
New finance minister Malusi Gigaba said he will work within the country’s fiscal framework and doesn’t plan to remove treasury director-general Lungisa Fuzile. “I will work within the fiscal framework as agreed by
Social development minister Bathabile Dlamini admitted for the first time that the failure of her department to comply with a 2014 court order could have led to more than 17m welfare recipients not getting their