South Africa is unlikely to adopt policies needed to drive growth, investment and job creation for at least several years because of infighting in the governing ANC, according to one of the country’s leading research institutions. The party
Browsing: Pravin Gordhan
Anyone who believes there’s a quick fix for South Africa’s political and financial malaise when President Jacob Zuma leaves office needs to think again. His successor will inherit an economy that slid into recession
Duduzane Zuma, a son of South African President Jacob Zuma, said all of his bank accounts have been closed because of pressure on financial institutions from former finance minister Pravin Gordhan. Duduzane Zuma’s
President Jacob Zuma has survived a no-confidence motion in parliament, ensuring that he’ll maintain his grip on power until at least the end of the year. The motion was defeated by 198 votes to 177, Baleka
South Africa’s jobless rate stayed at a 14-year high in the three months to June as agriculture, mining and construction lost positions while finance and trade employed more people. The unemployment rate was
Like the proverbial cat with nine lives, South Africa’s scandal-ridden president, Jacob Zuma, may well have escaped yet again with his political life. This despite another resounding loss in the country’s highest
South Africa’s new national treasury director-general, Dondo Mogajane, said the institution is focused on carrying out reforms that will get the economy out of a recession and improve its credit ratings. “We are in a mess – the mess is a low growth trap
Inflation rate rose for the first time this year in May after food-price growth quickened from the slowest pace since December 2015. Consumer price inflation accelerated to 5.4% from 5.3% in April, matching
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 ANC wants an inquiry into allegations of undue influence on state officials by the Gupta family and private business to move quickly to limit damage to the party’s reputation. “It must move as fast as possible so that