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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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
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
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
President Jacob Zuma has requested permission to question witnesses and the opportunity to present his evidence in the investigation by public protector Thuli Madonsela into the alleged involvement of the Gupta family
Nuclear energy in South Africa is a highly contentious issue. The decision on whether to proceed with the construction of a fleet of nuclear power plants is destined to become the financially most far-reaching and consequential defining
As South African finance minister Pravin Gordhan tries to fend off a police investigation, his department is engaged in open conflict with key state-owned companies over their management and spending plans. Threatened court action by the national
Splits in South Africa’s ruling party over a police investigation of the finance minister are marking the battle lines for control of the ANC after President Jacob Zuma steps down as its leader next year. The tension within the party
South Africa’s credit rating would be cut and the rand would “buckle” if finance minister Pravin Gordhan is removed from his post, according to Goldman Sachs. The currency has slumped 6,2% since 23 August
Stung by his ruling party’s worst electoral performance since the end of apartheid, President Jacob Zuma is going for broke in a battle to maintain his grip on power. The first casualties have been the rand and