Browsing: Pravin Gordhan

Current affairs
HSBC pulls plug on Gupta accounts

HSBC Holdings is shutting accounts associated with the powerful Gupta family as it assesses its exposure to the scandal gripping South Africa. The bank is conducting a wide-ranging review of any possible

Current affairs
Messy politics may drag SA down for years

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

Current affairs
What happens when Zuma goes

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

Current affairs
Treasury working to fix economic ‘mess’

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

Current affairs
SA may cut spending: Gigaba

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

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