South Africa's Finance Minister Pravin Gordhan has said that the country must tackle corruption and weak economic growth or face the risk of a credit rating downgrade to "junk" status.
- Wednesday, 09 November 2016 06:12
- Tuesday, 08 November 2016 12:31
Mozambique's finance minister has a plan to deal with a debt crisis that threatens to derail one of Africa's most promising frontier economies but investors are far from convinced.
- Monday, 07 November 2016 14:00
Africa's biggest pension fund, Public Investment Corporation, has sought approval from South Africa's central bank to raise its stake in Barclays Africa, two sources with direct knowledge of the matter said.
- Wednesday, 02 November 2016 16:40
- Aislinn Laing in Pretoria
South Africa’s capital Pretoria witnessed a day of rage against beleaguered President Jacob Zuma as opposition parties, civil society groups, religious leaders, prominent businesspeople and students united to call for him to step down.
- Monday, 31 October 2016 15:33
South Africa's state prosecutor dropped fraud charges on Monday against Finance Minister Pravin Gordhan, executing a U-turn in a case that has rattled financial markets and drawn accusations of political meddling.
- Monday, 31 October 2016 11:27
The chief executive of Shoprite will retire in December, the company said on Monday, ending his nearly four decades at the helm of the supermarket group he transformed from a eight-store start-up into an $8bn behemoth.