President Jacob Zuma survived calls to resign by members of the ruling party following his decision to fire his finance…
Browsing: Pravin Gordhan
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
The head of national treasury, Lungisa Fuzile, has asked to leave his post at the end of this month, a year before his contract runs out, according to three people with knowledge of the matter. Fuzile, 51, informed
South Africa lost its investment-grade credit rating from S&P Global Ratings for the first time in 17 years in response to a cabinet purge by President Jacob Zuma that investors worry will thwart an economic
New finance minister Malusi Gigaba said he will work within the country’s fiscal framework and doesn’t plan to remove treasury director-general Lungisa Fuzile. “I will work within the fiscal framework as agreed by
President Jacob Zuma is coming under increased pressure from inside his ruling ANC to justify sweeping cabinet changes in which he fired the finance minister, sending the rand tumbling and borrowing costs
President Jacob Zuma faced a widening public backlash from senior members of the ANC, including his deputy, Cyril Ramaphosa, the day after he fired his finance minister and made sweeping cabinet changes. “I have made
South African bank stocks tumbled and bonds plunged as the rand headed for its biggest weekly slide since 2015 after the firing of finance minister Pravin Gordhan raised concerns about the country’s fiscal path and its
South Africa has entered a new political chapter that promises catastrophic outcomes after President Jacob Zuma reshuffled his cabinet last night, firing the finance minister, Pravin Gordhan
South Africa’s new finance minister, Malusi Gigaba, will have to steer an economy that’s barely growing, fend off a junk credit rating and reassure investors that he’ll protect the national treasury’s