Gupta-owned Oakbay Resources and Energy’s share price plummeted by more than 90% on the JSE on Wednesday, the same day that hackers attacked the company’s websites and shut them down, although the two incidents
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South African regulators are seeking details from India’s Bank of Baroda of accounts belonging to businesses owned by the Gupta family, intensifying scrutiny of the friends of President Jacob Zuma, according to a person close to the
The SABC is right to implement a ban on showing visuals of violent public protests, says Oakbay Investments chief executive officer Nazeem Howa. In an interview about his company’s controversial
Government is satisfied that it’s doing enough to unblock the constraints to economic growth, said minister for planning, monitoring & evaluation Jeff Radebe. Briefing the media on the
Ratings agency Fitch on Wednesday affirmed South Africa’s investment grade credit, and surprisingly kept its outlook stable, but it warned that political and growth concerns should be addressed. This follows rating reviews by Moody’s
The presidency on Friday condemned what it called a “toxic narrative” in the media about a war between President Jacob Zuma and finance minister Pravin Gordhan. The narrative that Zuma wanted to take control of national treasury was being peddled
South Africa will not turn into “another Venezuela”, finance minister Pravin Gordhan said in parliament on Thursday. “We are miles away from Venezuela. We are a well-managed fiscus,” Gordhan said at the end of a long debate on South Africa’s economy
The Western Cape high court on Monday upheld its earlier ruling that Hlaudi Motsoeneng’s appointment was irrational, but the SABC chief operating officer has vowed to take his fight to the Constitutional Court if need be. The high court dismissed the
The National Prosecuting Authority will seek leave to appeal a court ruling that corruption charges must be reinstated against President Jacob Zuma. “I believe it needs the decision of an appeal court,” national director of public prosecutions Shaun
The Democratic Alliance on Thursday called for a snap debate on what it called the political assault against finance minister Pravin Gordhan and the national treasury. DA shadow minister of