Local and international markets have reacted aggressively to the axing of the “capable finance minister” Nhlanhla Nene, according to TreasuryOne. International markets have displayed their
Browsing: Jacob Zuma
The rand tanked to its lowest level yet against major currencies on Wednesday evening, shortly after President Jacob Zuma removed Nhlanhla Nene as finance minister and replaced him with largely unknown David van Rooyen. By midnight, the rand was trading at
President Jacob Zuma on Wednesday announced the removal of finance minister Nhlanhla Nene from the finance portfolio in cabinet. “I have decided to remove Mr Nhlanhla Nene as minister of finance, ahead of his deployment to another strategic position,” Zuma said in a
It’s time to call the situation South African telecommunications group MTN is facing in Nigeria what it really is: a state-sanctioned mugging. The Nigerian government, through its communications commission, is pointing a gun at MTN’s head, demanding that it hand
MTN hasn’t yet asked South Africa’s department of telecommunications & postal services for help regarding its multibillion-dollar fine in Nigeria. This is according to telecoms minister Siyabonga Cwele, who was speaking on the
The Nigerian Communications Commission (NCC) has told MTN that it didn’t actually mean it when it said it had cut the fine it imposed on the telecommunications operator by 35%. In a second letter to the group in as many days, it said the fine would be reduced instead by only 25%
President Jacob Zuma and his Nigerian counterpart, Muhammadu Buhari, are set to meet in Johannesburg this week to discuss the US$5,2bn fine imposed by Nigerian authorities on South African telecommunications group MTN’s subsidiary in the West African nation, it was reported on Sunday
The recent US$5,2bn fine issued against MTN does not affect the cordial relations between South Africa and Nigeria, with government hopeful that talks between the mobile network and Nigerian authorities will bear fruit, a senior cabinet minister has said
The Gupta-controlled Infinity Media Networks, which owns the 24-hour news channel ANN7 – broadcast on MultiChoice’s DStv pay-television platform – has applied to communications regulator
Government, working with universities, is exploring various options to meet the commitment made by President Jacob Zuma of a 0% increase in university fees in 2016, the presidency said on Sunday