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Fri,27Apr2018

Jacob Zuma

South Africa's Finance minister assures investors amid warning

Finance Minister Pravin Gordhan was reappointed last month after a bungled cabinet reshuffle. Photo©ReutersSouth African Finance Minister Pravin Gordhan on Thursday said investors had nothing to fear as he defended a controversial investment law, amid a warning from a ratings agency.

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SA Finance minister dismisses recession fears

SA Finance Minister Pravin Gordhan. Photo©ReutersSouth Africa's Finance minister Pravin Gordhan says there is no need to panic about the free fall of the local currency and poor performance of the economy, saying this will not lead to recession.

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Aviation: Citibank cancels loan facility to South African Airways

Citibank has canceled a 250 million rand ($15 million) loan facility to state-owned South African Airways (SAA), the Treasury said on Monday, the latest blow to the cash-strapped airline at the centre of a political storm.

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South Africa: Business confidence hits rock bottom

The firing of finance minister Nhlanhla Nene on 10 December last year shook the local financial markets. Photo©ReutersSouth Africa's business confidence index fell to its lowest in 23 years in December after the sacking of the finance minister and instability in financial markets after the expected U.S. hike in interest rates, a survey showed on Thursday.

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South Africa: Succession plan for jailed King in motion

AbaThembu King Buyelekhaya Dalindyebo has been sentenced to 12 years in prison. File photo©ReutersTraditional leaders in South Africa are set to meet to deliberate on who should succeed AbaThembu king, Buyelekhaya Dalindyebo, who last week began serving a 12-year imprisonment at the Wellington prison, outside Mthatha in the Eastern Cape.

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South Africa: Pravin Gordhan, new finance minister brings renewed energy to rand and stocks

New SA Finance Minister, Pravin Gordhan. Photo©ReutersNew Finance Minister Pravin Gordhan acted swiftly to calm South Africa investors on Monday, saying he would strive to keep Pretoria's investment grade rating after days of market turmoil that have triggered calls for President Jacob Zuma to step down.

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South Africa: Zuma re-appoints Pravin Gordhan as Finance Minister

Pravin Gordhan, SA's new Finance Minister. Photo©ReutersIn a surprise development, South African President Jacob Zuma for the second time in four days made changes in the finance ministry, kicking out David van Rooyen, who he had appointed last week, replacing him with Pravin Gordhan.

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Jacob Zuma sacks Finance minister, Nhlanhla Nene

Finance Minister Nhlanhlan Nene has been sacked by President Zuma. Photo©ReutersSouth Africa President Jacob Zuma has fired the country's Finance minister, Nhlanhla Nene, in as yet unclear circumstances and replaced him with David van Rooyen.

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Departure of South African Finance Minister Nhlanhlan Nene raises negative questions - Fitch

Nhlanhlan Nene. Photo©ReutersRatings agency Fitch said on Thursday the surprise departure of South African Finance Minister Nhlanhla Nene raised "more negative than positive questions" for the country.

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China, Africa set for billion dollar deals at summit

South Africa's President Jacob Zuma and President of China, Xi Jinping. Photo©ReutersChina is expected to sign deals worth billions of dollars with African countries on the side-lines of a major summit that opens on Friday in South Africa.

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Baleka Mbete - A powerful parliamentarian and defender of women

Photos© Xinhua/Zuma/ReaEarlier this year, parliamentary speaker Baleka Mbete told The Africa Report that south Africa has always been ready for
a woman president. "I repeat what I've said before – 103 years ago Charlotte Maxeke could very well have become the president of the African National Congress (ANC) and led very ably."

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Nkosazana Dlamini-Zuma - The female frontrunner to replace Zuma

Photos© All rights reserved Having served as health minister in Nelson Mandela's cabinet and then as foreign minister in Thabo Mbeki's, Nkosazana Dlamini-Zuma has the credentials and experience needed for the presidency.

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SA police boss, Riah Phiyega found guilty of fraud

Suspended South African police commissioner Riah Phiyega Suspended South African police commissioner-general Riah Phiyega has been found guilty of fraud by an internal police commission, further eroding her chances to retain her top post.

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Telecoms: South Africa govt expresses concerned over MTN fine in Nigeria

Photo©ReutersSouth Africa's government is concerned about a $5.2 billion fine imposed by Nigerian authorities on MTN Group but said this would not affect relations between the continent's two biggest economies, a cabinet minister said on Thursday.

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Are you talking to me?

Photos© All rights reserved A photographer – one who found himself accidentally on purpose at the back of a room booked by South Africa's delegation at the AU's Addis Ababa headquarters in January 2012 – emerged with an instructive vignette about regional relations.

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Nigeria/South Africa: Breaking the cycle

Photos© PhotoMontage TAR; Matthieu Spohn/Corbis ; Dimitri Vervitsiotis/Getty images; Getty images; SIPAWith a Nigerian at the head of the AfDB and a South African representing the AU, never has the time been riper for South Africa and Nigeria to forgive past disagreements and lead the continent towards greater cooperation

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South Africa: Police deny treason charges for rioting students

Photo©ReutersSouth African President Jacob Zuma has called for an urgent meeting with university management and students in Pretoria following unprecedented student revolts against fee increases this past week.

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South Africa: Zuma suspends police commissioner

South African police commissioner Riah Phiyega has been suspended South African President Jacob Zuma has suspended police commissioner Riah Phiyega with immediate effect to allow for investigations into the killings of mine workers three years ago.

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South Africa: Ruling ANC holds crucial policy conference

President Zuma says the NGC is a policy conference, where we sit and work our policy and then recommend the resolutions to the national conference. Photo©ReutersSouth Africa's ruling African National Congress this weekend holds its mid-term national general council (NGC) to review its policies.

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South Africa: President Zuma promises compensation for Marikana mine massacre victims

South Africa's President Jacob ZumaSouth African President Jacob Zuma is prepared to settle out of court with victims of a police clampdown on protesting miners that led to 44 people dead in 2012.

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