Browsing: Pravin Gordhan

Gigaba aide calls for nationalisation

An adviser to South Africa’s new finance minister advocated the state takeover of banks, mines and insurance companies in a newspaper editorial, two weeks after President Jacob Zuma’s ouster of Pravin Gordhan shocked investors

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Trouble brewing in SA’s renewables sector

The renewable energy sector was notified in a short note – sent at 4.25pm on Friday – that the financial close of 37 outstanding independent power projects would not take place on Tuesday, 11 April as planned. No new date has been set and

Mounting pressure on Zuma to quit

A week after President Jacob Zuma appeared to have weathered calls to resign, former leaders of the ANC are ratcheting up pressure on him to quit after his shock cabinet purge prompted two ratings agencies to downgrade the

Vodafone CEO upbeat about SA ICT policy

Vodafone Group CEO Vittorio Colao is optimistic that a breakthrough is near regarding government’s controversial ICT policy white paper, saying a “hybrid” model proposed by local mobile operators, including Vodafone

Now Fitch downgrades SA to junk

South African debt got dealt a second blow in a week as Fitch Ratings joined S&P Global Ratings and cut the nation’s credit assessment to junk following President Jacob Zuma’s move to fire his well-respected finance minister. Fitch

‘Zuma must go!’: SA hits the streets

Tens of thousands of protesters marched in South Africa to demand that President Jacob Zuma resign after he fired the finance minister and reshuffled the cabinet. Marchers chanting “Zuma must go” in Pretoria walked to

Rand tumbles on news Zuma survives

South African bonds and the rand fell after President Jacob Zuma bolstered his position by fending off calls from senior ruling party officials to quit. South Africa’s benchmark rand bond due in

Renewables firms stunned by cabinet reshuffle

The recent cabinet reshuffle has left the renewable energy industry in shock as the key politicians leading the implementation of government’s renewable energy independent power producer programme were

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