JOHANNESBURG Loss-making South African arms maker Denel has a problem as it fights to survive. Its potential savior is Saudi Arabia, now drawing fierce criticism following the killing of journalist Jamal Khashoggi.
JOHANNESBURG South Africa's main opposition party has called for an independent inquiry into a $36,000 payment made to a fund that financed President Cyril Ramaphosa's successful campaign for leader of the African National Congress last year.
JOHANNESBURG Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group Denel that would include acquisition of a minority stake in a joint venture with Germany's Rheinmetall , a source familiar with the offer said.
* Maputo strikes deal with 4 creditors of Eurobond holder
JOHANNESBURG South African President Cyril Ramaphosa declared himself in economic "repair mode" at a major investment conference on Friday as the country raised a total of $55 billion from investors to help haul itself out of recession.
JOHANNESBURG, Oct 10 South Africa should seek
damages from global auditor KPMG for the role it played in a
corruption scandal that saw at least 1.9 billion rand ($130
million) stolen from local bank VBS, a central bank
investigation published on Wednesday said.
JOHANNESBURG South Africa's President Cyril Ramaphosa's spokeswoman said on Monday his office was not aware of Finance Minister Nhlanhla Nene's request to be relieved of his duties after he admitted to visiting the Gupta brothers.
* Hampered by ANC infighting, fiscal constraints
(Adds detail, context)
JOHANNESBURG Goldman Sachs expects South Africa's economy to grow almost 3 percent next year, helped by President Cyril Ramaphosa's reforms and strong global growth, the bank's sub-Saharan Africa head told Reuters.
* Says monitoring Oct. budget statement closely
(Recasts, adds finance minister quotes on debt, stimulus)