South Africa will extend more support to beleaguered state-owned power utility Eskom and is considering selling assets as part of a 14-point plan to revive an economy that’s in its second recession in almost a decade. The country will
Browsing: Malusi Gigaba
South Africa is likely to miss its 1.3% growth target this year and may have to curb spending to stick to its budget framework, finance minister Malusi Gigaba said on Thursday. “We do believe there are a number of hard decisions that will
The battle to replace South African President Jacob Zuma as the leader of the ANC in December is taking place at one of the most difficult junctures in the 105-year-old party’s history. It’s plagued by infighting and suffered its
Finance minister Malusi Gigaba has been placed at the centre of efforts by President Jacob Zuma and his allies to raid state assets and reap billions of rand from government contracts, a study by eight leading academics from four of the nation’s top universities has found
The high court has ordered President Jacob Zuma to explain why he made changes to his cabinet that included firing Pravin Gordhan as finance minister in March, a move that sparked street demonstrations and a downgrade of the
South African opposition parties will fail in their campaign to remove Jacob Zuma as president and the government won’t be distracted by protests against his leadership, finance minister Malusi
South African inflation is under control and the central bank will maintain a policy to keep it low to protect the poor and ease inequality, Reserve Bank governor Lesetja Kganyago said. Pursuing other priorities
An adviser to South Africa’s new finance minister advocated the state takeover of banks, mines and insurance companies in a newspaper editorial, two weeks after President Jacob Zuma’s ouster of Pravin Gordhan shocked investors
South African bonds and the rand fell after President Jacob Zuma bolstered his position by fending off calls from senior ruling party officials to quit. South Africa’s benchmark rand bond due in
The news that South Africa’s sovereign rating has been downgraded caught many by surprise. But it was long coming. The main reason for the rating agency’s decision is clearly concerns about political leadership