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
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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
Business leaders have rallied around finance minister Pravin Gordhan as he faces police investigations into allegations that he oversaw the establishment of an illicit investigative unit during his tenure as head of the national
Finance minister Pravin Gordhan’s response to the Hawks directive helped the rand ease off its decline, but analysts said if he is arrested or fired the currency is heading for trouble. Gordhan said on Wednesday he would not adhere
Stung by his ruling party’s worst electoral performance since the end of apartheid, President Jacob Zuma is going for broke in a battle to maintain his grip on power. The first casualties have been the rand and
Finance minister Pravin Gordhan said that he had done nothing wrong by authorising the establishment of a special investigative unit when he headed the national tax agency and he wouldn’t obey a police instruction to present
South African bonds plunged the most since December and the rand weakened for a second day after a report said finance minister Pravin Gordhan had been summoned by police, raising concern the national
Government will decide this week whether to partly privatise South Africa’s second largest fixed-line operator, Broadband Infraco, as the company…
President Jacob Zuma is trying to reassert his authority by bidding to wield greater control over state-owned companies after the ANC’s worst-ever electoral showing. The cabinet announced plans on Monday