It’s hard to know who’s leading South Africa. Last week, the presidency repudiated the mines minister when he caused a storm of protest from business leaders by saying the cabinet authorised a judicial
Browsing: Pravin Gordhan
South Africa’s economy avoided a second recession in seven years as mining and factory output rebounded. GDP rose an annualised 3,3% in the second quarter, compared with a 1,2% contraction the previous three months, the statistics office said in a report released
South Africa has caught the world’s attention with an epic battle between two powerful factions within the governing ANC, which has spilt into government. Deputy President Cyril Ramaphosa has aptly described this as a government that wages
As South African finance minister Pravin Gordhan tries to fend off a police investigation, his department is engaged in open conflict with key state-owned companies over their management and spending plans. Threatened court action by the national
Denmark’s Jyske Bank became the second money manager to say it won’t lend to Eskom after the nation’s biggest specialist fixed-income manager said it had stopped extending credit to state-owned companies amid
While ANC secretary general Gwede Mantashe’s address regarding finance minister Pravin Gordhan’s battle with the Hawks pushed the rand down by 10c on Tuesday, it was the US rate hike threat that caused further concern over
Splits in South Africa’s ruling party over a police investigation of the finance minister are marking the battle lines for control of the ANC after President Jacob Zuma steps down as its leader next year. The tension within the party
Finance minister Pravin Gordhan has fired “the political equivalent of a bazooka” at Eskom CEO Brian Molefe, Democratic Alliance MP David Maynier said on Monday after national treasury issued a statement saying that the state-owned power
South Africa’s credit rating would be cut and the rand would “buckle” if finance minister Pravin Gordhan is removed from his post, according to Goldman Sachs. The currency has slumped 6,2% since 23 August
Reeling from his ruling party’s worst-ever election performance and a public backlash over a police investigations into his finance minister, President Jacob Zuma’s room to manoeuvre appears to be shrinking. Anxiety over whether