Uncertainty over the future of Finance Minister Nhlanhla Nene is leaving markets jittery, in a development the Banking Association of South Africa (Basa) has described as “unfortunate”. Continue reading…
Auditor General Kimi Makwetu has lamented poor financial controls in the public sector that lead to irregular expenditure, saying the scourge has reached an “all-time high”. Continue reading…
King Goodwill Zwelithini is planning to join forces with Afrikaner supremacist group AfriForum in an effort to oppose land expropriation without compensation. Continue reading…
Outgoing Cape Town mayor Patricia de Lille on Sunday announced a campaign to clear her name, including suing entrepreneur Anthony Faul for R1-million for defamation. Continue reading…
Following a public apology for meeting the Gupta brothers at their Saxonwold home instead of a public place, Finance Minister Nhlanhla Nene has asked to be relieved of his duties, according to a Business Day report on Monday. Continue reading…
The National Energy Regulator of South Africa (Nersa) has approved electricity tariff increases as requested by the embattled utility supplier, Eskom. This is another blow for the majority of South Africans who are already struggling to make ends meet. The approval of this electricity tariff increase, which is aimed at rescuing Eskom from the doldrums.. Continue reading…
The rand was a lot weaker on Thursday morning‚ raising the prospect of yet another increase in fuel prices‚ which have been a political hot potato ahead of the general elections in 2019. Continue reading…
As rumours swirl that Nhlanhla Nene may have had an untoward business relationship with the Gupta family, the finance minister has denied any such claim but has admitted that he did have meetings with the family during his tenure as deputy minister. Continue reading…
Members of former president Jacob Zuma’s Cabinet were hostile towards Finance Minister Nhlanhla Nene after he refused to approve a controversial nuclear deal, the commission of inquiry into state capture heard on Wednesday. Continue reading…
Richard Seleke, the controversial director general of public enterprises, has left public service after reaching an agreement with the presidency. Continue reading…
Former president Jacob Zuma did not give Nhlanhla Nene any reason why he was fired from his position as finance minister in December 2015, but instead presented Nene a “fabricated” job offer. Continue reading…