A series of public spats between South African cabinet ministers, state companies and departments are exposing divisions in the ruling party and risk spooking investors in an economy the central bank forecasts will record zero growth this year.
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The currency that was forecast to perform the worst in emerging markets this year is also the one benefiting most from the clamour to boost returns in the wake of the UK’s Brexit vote. The rand has strengthened
We’ve all seen the polls and their (widely varying) predictions for Wednesday’s municipal elections. But what are the people really thinking? What are they saying? How much of this public conversation is generated by
The ANC faces the sternest test to its iron grip on South African politics since apartheid ended 22 years ago as rampant poverty, a weak economy and scandals associated with President Jacob Zuma threaten to alienate voters
There’s little dispute that the South African rand is undervalued against other currencies. However, there is disagreement about the true extent thereof. One of the indications of the rand’s undervaluation
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SABC chief operating officer Hlaudi Motsoeneng allegedly told reporters at a June workshop that they could question anyone in their coverage, except President Jacob Zuma, according to court papers. Eight journalists, dubbed the “SABC 8”, filed an
Oakbay Resources & Energy, the company controlled by the Gupta family, may have its listing suspended by the JSE, the latest setback to the business interests of the friends of South African
President Jacob Zuma views the fact that the Public Investment Corp lost R99bn within 48 hours after the sacking of former finance minister Nhlanhla Nene in December last year as a “normal” economic phenomenon. The Democratic Alliance’s shadow
Communications minister Faith Muthambi, who reportedly enjoys the strong backing of President Jacob Zuma, on Monday snubbed a meeting with the ANC at which she was expected to account for the mess at the SABC. The Sowetan reported on Tuesday that Muthambi