United States

Alexander Winning

Khashoggi killing complicates Saudi rescue bid for South African arms firm

8:14am EST

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.

South African opposition wants payment to Ramaphosa campaign fund investigated

Nov 19 2018

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.

Exclusive: Saudi makes $1 billion bid for partnership with South Africa defense group Denel

Nov 08 2018

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.

UPDATE 3-Mozambique offers to share gas revenue in "tuna bond" restructuring

Nov 06 2018

* Maputo strikes deal with 4 creditors of Eurobond holder group

South Africa raises $55 billion so far in investment pledges

Oct 26 2018

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.

South Africa should seek damages from KPMG over bank graft - central bank probe

Oct 10 2018

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.

South African president's office says 'not aware' of Nene request to be sacked

Oct 08 2018

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.

UPDATE 2-S.Africa's Ramaphosa announces plan to reduce sky-high unemployment

Oct 04 2018

* Hampered by ANC infighting, fiscal constraints (Adds detail, context)

Goldman forecasts South African economic rebound in 2019

Oct 03 2018

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.

UPDATE 3-Moody's sees little chance of South Africa downgrade

Sep 13 2018

* Says monitoring Oct. budget statement closely (Recasts, adds finance minister quotes on debt, stimulus)

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