Any expectations of a respite for the rand after last week’s beating were given a final nail in the coffin when President Jacob Zuma stated that the turmoil regarding Nenegate was not all that serious, and that markets did not understand what he was trying to do
South Africa is likely to fail in its quest to develop its nuclear energy capacity, according to emerging markets economist Peter Attard Montalto of Nomura. Montalto said that if the 9,6GW nuclear procurement programme does see the light of day, it will be a “slimmed down programme spread
Huge Group, Adapt IT and Net1 UEPS Technologies top the list of the best performing technology shares on the JSE in 2015. In a difficult economic environment, the three counters have far outperformed the overall market, adding 95,2%, 58,5% and 55,5% respectively over the past 12 months
In an effort to avoid more student protests in 2016, government will make more than R4,5bn available to the National Student Financial Aid Scheme to provide short-term debt relief to students, the presidency said on Friday. According to a report compiled
South Africans trust Eskom marginally more than President Jacob Zuma, according to an Ipsos survey. Zuma scored 53,1 out of 100 (with 100 signifying a perfect reputation), while Eskom scored 53,4 points. The poll was done through 3 617 face-to-face interviews with randomly selected
President Jacob Zuma signed the Criminal Matters Amendment Act 2015 into law on Monday, the presidency said, a move that spells bad news for cable and scrap metal thieves. The act amends the Criminal Procedure Act of 1977 and introduces harsher sentences
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President Jacob Zuma’s cabinet has denied claims that it secretly approved the start of the nuclear procurement programme during its meeting just before finance minister Nhlanhla Nene was fired last Wednesday. Business Day journalist
The firing of Nhanhla Nene and his replacement with inexperienced David van Rooyen at the behest of President Jacob Zuma was the type of political decision-making that was set to have
Social media has united thousands of South Africans who are calling for President Jacob Zuma to step down from his position as number one citizen. This comes after a number of shuffles in the vital ministry of finance were made this past week. In the latest change
