South Africa's credit rating is set to be cut to junk status this year, according to a Reuters poll taken just days after police summoned Finance Minister Pravin Gordhan over an investigation into a suspected rogue unit of the tax service.
- Friday, 26 August 2016 12:24
- Vuyani Ndaba
- Thursday, 25 August 2016 14:41
- Olusegun Obasanjo, Ricardo Lagos, Ruth Dreifuss - Former Presidents of Nigeria, Chile and Switzerland
Drug trafficking and the black market are, to a large extent, a direct consequence of the international drug control system and the national laws that are derived therefrom.
- Thursday, 25 August 2016 13:39
- Nqobile Bhebhe
Zimbabwe's prominent Christian leaders have joined a growing chorus of influential voices calling for the impeachment of President Robert Mugabe, warning that the country could slide into "total collapse" if he continues to rule.
- Thursday, 25 August 2016 12:12
- Mfuneko Toyana, additional reporting by James Macharia, Joe Brock, Tanisha Heiberg
South African President Jacob Zuma said on Thursday he backs Finance Minister Pravin Gordhan but cannot intervene in a police investigation over a suspected spy unit at the tax service, signalling a prolonged tussle that could rock markets further.
- Thursday, 25 August 2016 10:50
- Wendell Roelf
South African Finance Minister Pravin Gordhan said on Wednesday that the domestic growth outlook remained bleak, reiterating that economic expansion would be close to zero percent this year as forecast by the central bank.
- Wednesday, 24 August 2016 11:00
- Joe Brock and Mfuneko Toyana, additional reporting by Nqobile Dludla and Ed Stoddard
South African assets slumped on Wednesday after an elite police unit summoned Finance Minister Pravin Gordhan over an investigation into a suspected rogue spy unit in the tax service, fuelling speculation that there was a plot to oust him.