Business In The News International South Africa

Rand jumps on Zuma court ruling; MSCI index at 6-year high

Johannesburg, October 13 – The rand jumped to two-week highs on Friday after a court ruling that upheld reinstating corruption charges against President Jacob Zuma, while the rally on broader emerging markets continued. MSCI’s emerging equity index inched to new six-year highs on back of encouraging Chinese trade data, record high world shares and a […]

In The News South Africa

ANC’s economic transformation policy ‘patronage politics’, says Maimane

JOHANNESBURG, October 4 –  Mmusi Maimane, the leader of the opposition party in South Africa, the Democratic Alliance, on Wednesday described the radical economic transformation policy of the ruling African National Congress (ANC) as “a poorly disguised extension of lucrative patronage politics”. Maimane said the ANC’s definition of radical economic transformation was a way of legislating the […]

In The News South Africa

Not in my name, says Dr. Nkosazana Dlamini Zuma

Solly Makganoto Johannesburg, October 3 – The African National Congress Women’s League  (ANCWL) and National Executive Committee member Dr. Nkosazana Dlamini Zuma  has condemned and distanced herself from the current trend in which branches, regional and provincial meetings have been disrupted. “We have the responsibility to ensure that we maintain outmost discipline in our conduct.” […]

Business In The News South Africa

Political certainty needed for economic reform in South Africa – central bank governor

Johannesburg, September 28 – South Africa must sort out its political problems in order to kickstart structural reform and unlock economic growth, central bank governor Lesetja Kganyago told Reuters on Thursday. Speaking on the sidelines of a conference organised in London by the Bank of England, Kganyago also said financial market inflation expectations seemed to […]

In The News South Africa

Disclose your donors – court tells political parties

JOHANNESBURG, September  27 – South Africa’s political parties should be required to disclose the source of their funding, a court ruled on Wednesday, potentially exposing the patronage networks that have influenced power in the two decades since apartheid. The ruling by the Western Cape High Court, which orders parliament to amend access-to-information laws, comes against […]