After losing control of several major cities in August’s local elections, the governing ANC is grappling with its loss of influence and control over spending.
- Thursday, 20 October 2016 10:31
- Crystal Orderson in Soweto and Cape Town
- Tuesday, 18 October 2016 14:20
South Africa's rand rallied more than 1% on Monday as political pressure on finance minister Pravin Gordhan eased and commodity prices steadied, lifting the currency further away from a one-month trough.
South African finance minister's affidavit details $490m in Gupta transactions reported as suspicious
- Monday, 17 October 2016 12:17
South African finance minister Pravin Gordhan has revealed in a court affidavit distributed by the Treasury on Sunday that 6.8bn rand ($490m) in payments made by wealthy brothers Ajay, Atul and Rajesh Gupta, companies they control, and other individuals with the same surname have been reported to authorities as suspicious since 2012.
- Friday, 07 October 2016 15:51
- Marshall Van Valen in Lusaka
In Zambia, 21-year-old entrepreneur Njavwa Mutambo co-founded a logistics startup with the help of the Tony Elumelu Foundation and incubator BongoHive.
- Friday, 07 October 2016 11:06
South Africa's MTN has raised $1bn in two dollar bonds, the telecoms firm said on Thursday, the first such issue by Africa's biggest wireless carrier by sales since 2014.