Browsing: Nhlanhla Nene

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Why the rand is defying gravity

Investors are developing thick skins to political risk in South Africa. The rand is among the world’s top 10 best performers this year despite speculation that President Jacob Zuma may fire finance minister

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Banks bashed in battle over Guptas

New allegations by President Jacob Zuma’s supporters that South Africa’s biggest banks are frustrating efforts to address racial inequality signal an escalation of a battle for control of the nation’s financial system, including the treasury. Protestors from the

In-depth
Why Zuma isn’t going anywhere

South Africa’s embattled president, Jacob Zuma, is staying put. The writing appeared to be on the wall for Zuma, 74, as recently as last week, with more than 100 ANC veterans joining labour unions, civil rights groups and opposition parties

In-depth
This is the real state capture

The withdrawal of charges against finance minister Pravin Gordhan by the country’s National Prosecuting Authority brings to mind events in 2008 when a judge quashed corruption charges against current

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Zuma brings shame to SA: veterans

President Jacob Zuma is at the centre of questionable behaviour that is dogging South Africa and ruining the name of the ANC, party veteran Cheryl Carolus said on Thursday. ”Our president has brought shame

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The 81 CEOs who pledged support for Pravin

In a dramatic move of support for Pravin Gordhan, 81 CEOs pledged support for the finance minister days before he presents his mini budget and a week before he appears in court on fraud charges. “We stand as one for the rule

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More banks back Gordhan over Guptas

South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays

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Zuma exposed as gloves come off

President Jacob Zuma appears increasingly vulnerable in a power struggle with his finance chief after a series of new allegations emerged about the business dealings of members of a wealthy family who are his friends and in business

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Gordhan implicates Guptas in court papers

Finance minister Pravin Gordhan filed court papers that implicate President Jacob Zuma’s friends, the Gupta family, and companies they control in “suspicious transactions” totaling R6,8bn, signalling

In-depth
SA faces train smash if Gordhan axed

The relatively trivial nature of the charges against finance minister Pravin Gordhan, and the way in which the prosecution has been pursued, leads to the conclusion that this is a trumped up charge. It also suggests that Gordhan

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