Browsing: Pravin Gordhan

South Africa moved closer to a junk credit rating after Fitch Ratings changed the outlook on its assessment to negative from stable and warned that continued political instability could result in a downgrade. The ratings for foreign currency

South Africa’s decision to stall plans championed by President Jacob Zuma to build nuclear plants has exposed his waning authority. News of the delay came on Tuesday when the department of energy said additional atomic power won’t come on stream

National treasury and Telkom have concluded negotiations on the existing contract for fixed-line telecommunications services for national and provincial departments. In a statement on Monday, national treasury said the

A political firestorm over an aborted attempt to charge finance minister Pravin Gordhan with fraud has ignited a power struggle between the head of a special police unit that carried out the investigation and the

South Africa’s embattled president, Jacob Zuma, is staying put. The writing appeared to be on the wall for Zuma, 74, as recently as last week, with more than 100 ANC veterans joining labour unions, civil rights groups and opposition parties

The withdrawal of charges against finance minister Pravin Gordhan by the country’s National Prosecuting Authority brings to mind events in 2008 when a judge quashed corruption charges against current

President Jacob Zuma is at the centre of questionable behaviour that is dogging South Africa and ruining the name of the ANC, party veteran Cheryl Carolus said on Thursday. ”Our president has brought shame

Thousands of South Africans converged on the capital, Pretoria, to protest what they say is the abuse of state resources and institutions, ratcheting up the pressure for President Jacob Zuma to resign or be removed from office. Chief executives of some

Lawyers representing President Jacob Zuma urged the high court to halt the release of a report of the nation’s graft ombudsman into allegations that the Gupta family, who are friends with the president, exercised undue influence

Pravin Gordhan was detained three times as he worked to bring an end to apartheid in South Africa, enduring beatings and suffocation at the hands of the police. He revealed no secrets. Now Gordhan, in his second stint as finance minister, is demonstrating