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Fri,19Jan2018

Jacob Zuma

South Africa says bringing finances under control after Moody's lowers outlook

Rand Notes. Photo©Denis Farrell/AP/SIPASouth Africa's Treasury said on Saturday that the government was bringing public finances under control despite recent "adverse political developments."

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South Africa faces tough economic environment

South Africa faces a challenging economic environment, with growth in 2016 seen at 0.6 percent, entailing falling per-capita income, the International Monetary Fund said on Friday.

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South Africa's opposition reject an 'utterly discredited and illegitimate president'

President Jacob Zuma and Speaker of Parliament Baleka Mbete. Photo©Mike HutchingsSouth Africans are increasingly getting agitated by what they believe is the weakening of democratic institutions following this week's boycott of President Jacob Zuma's parliamentary response to the presidency budget vote.

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South Africa trade union movement rift laid bare at commemorations

Zwelinzima Vavi told workers that they were ready to challenge Cosatu. Photo©Obed Zilwa/AP/SIPAThe rift in the South African trade union movement was laid bare on Monday as workers held separate major events to commemorate Workers Day.

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South Africa: Thabo Mbeki defends arms deal

Thabo Mbeki. Photo©Thibault Camus/AP/SIPASouth Africa's former president, Thabo Mbeki has backed a recent government report claiming there was no corruption in an arms deal, but critics and the opposition insist the multi-billion deal was fraught with irregularities.

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South Africa's former finmin Nene appointed as advisor at Thebe Investment

Nhlanhla Nene,  South Africa's former Finance Minister. Photo©ReutersFormer finance minister Nhlanhla Nene has been appointed as an advisor at Thebe Investment Corporation to help roll-out the firm's growth plan, his second private sector job in a week.

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South Africa: Fierce campaigns ensue ahead of local government polls

Civil society groups are calling for Zuma to resign in the aftermath of a damning Constitutional Court ruling. Photo©ReutersSouth African political parties are hitting the campaign trail three months before crucial local government elections where the ruling African National Congress (ANC) is expected to face its toughest challenge since it came to power in 1994.

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Pressure mounts on South Africa's Zuma to step down

South Africa's President Jacob Zuma. Photo© Ivan Sekretarev/AP/SIPAA group of South African lawyers has joined the lobby trying to force President Jacob Zuma to resign following a damning court ruling that condemned his failure to repay public funds, saying the judgement must be respected.

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South Africa: Treasury yet to approve state arms manufacturer deal with Gupta firm

South Africa's President Jacob Zuma has denied suggestions the Guptas wield undue political power. Photo©ReutersSouth Africa's Treasury said on Wednesday it was still considering an application by state-owned arms manufacturer Denel to do business with a company owned by the Gupta family, which has been under scrutiny over its alleged close ties to President Jacob Zuma.

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Finance: South Africa's growth path not at risk over political tensions

President Jacob Zuma survived an impeachment vote and has faced calls to step down. Photo©ReutersPolitical upheavals will not divert the government's attention from implementing growth policies in South Africa as it battles to stave off potential credit rating downgrades, the Treasury said on Monday.

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South Africa: Zuma announces election date

President Jacob ZumaSouth Africa's President Jacob Zuma has set August 3 as the date for local government elections, which could prove as a test case of the ruling ANC party's popularity following a string of blunders be the party's leader.

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Dlamini-Zuma turns from Addis Ababa to South Africa

Chair of the African Union Commission Nkosazana Dlamini Zuma says she will step down at the end of July. Photo©Elias Asmara/AP/SIPAAfrican Union Commission chairperson Nkosazana Dlamini-Zuma says she will step down at the end of July, fuelling speculation that she will run for president in her native South Africa in elections slated for 2019.

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Fresh push for South African President Zuma to resign

South African President Jacob Zuma. Photo©ReutersSouth African President Jacob Zuma has come under renewed pressure from civil society and some veterans of the ruling African National Congress (ANC) to resign, days after the opposition failed in its bid to impeach him.

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South Africa's credit rating at risk due to political tensions

Photo©ReutersPolitical upheavals in South Africa pose a risk to its sovereign credit rating, ratings firm Standard & Poor's said on Wednesday, a day after President Jacob Zuma survived an impeachment motion in parliament for ignoring the constitution.

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South Africa MPs vote on Zuma impeachment

South Africans have become wary of their parliament's role in holding the executive account after a stinging ruling by the Constitutional Court last week.

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African Union: All about number one

Nkosazana Dlamini- Zuma, at the centre of the AU summit group shot – and of unofficial speculation. Photo©ReutersThe AU goes into election mode as member states decide who to back for AU Commission chair at the next summit in July. The big question is whether Nkosazana Dlamini-Zuma will stand again or repair to South Africa to join the race for the presidency.

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South African President's nephew, Khulubuse Zuma denies Panama connection

Businessman and nephew of South African President Jacob Zuma, Khulubuse Zuma. Photo© Siphiwe Sibeko/AP/SIPAThe nephew of South African President Jacob Zuma, Khulubuse Zuma, has denied that he holds any offshore bank accounts after he was named in documents leaked from the Panama-based law firm Mossack Fonseca and published by the International Consortium of Investigative Journalists (ICIJ).

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They have Trump, we got Rhodes and Zuma

Hollywood actor Samuel L. Jackson has declared that if racist real estate mogul Donald Trump wins the United States presidency he's moving to South Africa. But with the way our exchange rate is going, he could probably just buy us. Of late, our economy has had more ups and downs than Sarah Palin's speeches, and our currency has been slammed along with the rest of the developing world's by China's troubles.

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South Africa: Ruling party's women's wing backs Zuma

South Africa's President Jacob Zuma. Photo©ReutersUnder fire South African President Jacob Zuma has received strong backing from the ruling African National Congress (ANC) women's league amid calls for him to step down.

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South Africa: Fresh calls for Zuma to step down after court setback

A damning report by the Public Protector Thuli Madonsela in August 2014 found that Zuma and his family unduly benefitted from the R246 million ($15 million) upgrades to his homestead. Photo©ReutersSouth Africa's Constitutional Court on Thursday ruled that President Jacob Zuma must pay back money used by government departments to upgrade his rural home, reigniting calls by opposition parties for him to step down.

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