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Fri,19Jan2018

South Africa

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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African Union's Dlamini-Zuma on security and her political future in South Africa

Nkosazana Dlamini-Zuma, Chair of the African Union Commission. Photo©Vincent Fournier for JANkosazana Dlamini-Zuma, Chair of the African Union Commission talks to The Africa Report about security hotspots, the need for more African funding for the continental body and her political future.

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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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Agribusiness: Tiger loses its stripes

From sacks of flour to sackings, Tiger Brands has had a disastrous year. Photo© The New York Times/REATiger Brands caught executives fudging sales figures in Kenya, and now it has written off $120m from its Nigerian business. What is next for one of the continent's largest agribusiness firms?

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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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Trade: South Africa considering emergency steel tariffs

File photo©ReutersSouth Africa is considering imposing emergency tariffs on some iron and steel imports, it said in a filing to the World Trade Organization published on Monday.

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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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Old Mutual readies sale of Italian wealth unit

Financial services company Old Mutual is preparing to sell its Italian wealth management unit as part of a wider plan to break up its business, cut costs and revamp earnings, sources familiar with the matter said on Thursday.

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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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Ghana deports 3 South African ex-cops over crime charges amidst opposition

Three former South African police officers were on Tuesday deported from Ghana days after the were charged with conspiracy to commit crime, unlawful training and making a false declaration.

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Gold Fields' Ghana deal may safeguard 2,000 mining jobs

Photo©ReutersSouth Africa's Gold Fields Ltd has finalised a tax and royalties agreement with the government of Ghana which could safeguard its Damang mine, where around 2,000 jobs would be at risk if it is placed under care and maintenance.

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South Africa: Deputy President, Ramaphosa on charm offensive

South Africa's deputy president Cyril Ramaphosa. Photo©Obed Zilwa. AP/SIPASouth Africa's deputy president Cyril Ramaphosa says the government wants to increase black people's stake in the economy as a way of addressing unemployment in the country.

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Top 500 companies: How to thrive in 2016

The retail and utility sectors were the best performers in The Africa Report's Top 500 companies this year – based on 2014 company results – while oil and mining showed weaknesses that will continue to influence their results in 2015 and 2016.

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Nigerian parliament probes whether telecoms company MTN fine can be reduced

Photo©ReutersNigeria's parliament has launched a probe into whether the telecoms regulator can reduce a fine slapped on South Africa's MTN for missing a deadline to disconnect unregistered SIM card users, a lawmaker said on Thursday.

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South Africa: Rains come but too late for summer maize crop

Photo©ReutersMost parts of South Africa are forecast to receive above average rainfall in the autumn season from April, the national weather service said on Thursday, too late to benefit the drought-seared summer maize crop.

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