The clock is ticking on President Jacob Zuma’s scandal-ridden administration as his deputy, Cyril Ramaphosa, flexes his political muscles and shows he’s increasingly wielding state power to stamp out corruption and revive the
Browsing: Malusi Gigaba
South Africa is seeking to raise as much as R4bn from the sale of part of its 39% stake in Telkom to raise funds for the country’s unprofitable state airline and post office, according to two people familiar with the
Finance minister Malusi Gigaba met with representatives of the World Bank last week to discuss financing for development of a nuclear power programme in the country, according to two people familiar with
South Africa faces a stark choice: risk strikes by as many as 1.3m government workers or meet their pay demands and jeopardise its credit rating. After years of above-inflation increases, public sector unions now want nothing less than
South Africa needs to do what other nations do during times of economic weakness and come up with a recovery plan that grabs the imagination of investors and its people, deputy President Cyril Ramaphosa said in
MTN South Africa CEO Godfrey Motsa has implored government to release spectrum in the 2.6GHz band, saying the move could cut the price of a 1GB data bundle to R50 overnight. Motsa, who was speaking
Telecommunication & postal services minister Siyabonga Cwele says government will soon establish a task team to engage Telkom on the sale of a portion of its shares to address a revenue shortfall. The minister
Finance minister Malusi Gigaba said on Wednesday that government will sell a “portion” of its 39.3% stake in Telkom to ensure the fiscal expenditure ceiling is not breached. “We have decided to dispose of
South Africa forecast higher debt and wider fiscal deficits over the next three years, heightening the risk of further credit ratings downgrades as a fight for control of the ruling party limits policy choices. The nation’s
National treasury’s medium-term budget policy statement, published on Wednesday, has punted the idea of a spectrum auction to allocate scarce radio frequency spectrum, potentially putting finance minister