South Africa’s 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 investment-grade credit rating. President Jacob
Browsing: Pravin Gordhan
President Jacob Zuma fired finance minister Pravin Gordhan and eight other cabinet members in a high-stakes power play that may threaten his own presidency and place the nation’s investment grade credit rating at
The ANC has a choice: it can help President Jacob Zuma, or it can help the country. Its survival as a respected national force depends on doing the latter. Support for the ANC has fallen amid charges of
Three of the top six officials of South Africa’s ruling party told President Jacob Zuma that they opposed his plan to fire finance minister Pravin Gordhan, a person with knowledge of the matter said. Zuma told the ANC leaders
President Jacob Zuma is taking a gamble as he ups the ante in his battle with his finance minister Pravin Gordhan for control of the nation’s finances. If he fires Gordhan, as he told Communist Party officials
South Africa’s latest bout of political turbulence has reignited fears among international investors that the country is on the brink of losing its investment-grade status. Yields on the nation’s dollar bonds jumped the
President Jacob Zuma told senior leaders of the South African Communist Party that he plans to fire finance minister Pravin Gordhan, according to three people with knowledge of the matter. The rand plummeted. Zuma told officials
President Jacob Zuma’s order for finance minister Pravin Gordhan to cancel an investor roadshow in London and the US left the nation’s credibility in tatters. The rand plunged more than any other major currency on
The rand erased its advance to become the worst performer in emerging markets after President Jacob Zuma’s order to abort an international roadshow served as a wake-up call to the country’s political risks. The currency reversed
President Jacob Zuma has ordered finance minister Pravin Gordhan to abort a week-long roadshow meeting with investors and rating companies in London and the US, heightening concern that he’s preparing a cabinet