Edition:
United States

Alexander Winning

South Africa's Ramaphosa dealt twin blows in anti-graft fight

Jul 19 2019

JOHANNESBURG South African President Cyril Ramaphosa suffered two major setbacks on Friday, when he was accused of misleading parliament and his predecessor Jacob Zuma won significant concessions from a corruption inquiry.

South African corruption inquiry adjourns after Zuma’s lawyers say questioning unfair

Jul 17 2019

JOHANNESBURG A South African judge adjourned until Friday morning a public inquiry into state corruption, after lawyers for former President Jacob Zuma said he was being questioned unfairly.

'I know nothing': South Africa's Zuma ducks and dives at corruption inquiry

Jul 16 2019

JOHANNESBURG Former South African President Jacob Zuma ducked and dived on his second day of testimony at a corruption inquiry on Tuesday, saying he knew nothing about his business friends the Guptas allegedly offering a former lawmaker a ministerial position.

Defiant at inquiry, South Africa's Zuma denies breaking law with business brothers

Jul 15 2019

JOHANNESBURG Former South African President Jacob Zuma told a corruption inquiry on Monday that enemies had plotted to bring him down, and he had never broken the law with the business family at the center of an influence-peddling scandal. | Video

UPDATE 2-South Africa's Denel asks for cash injection, rebuffs Saudi bid

Jul 05 2019

* Will not sell equity stakes to Saudi's SAMI (Writes through with quotes, details)

UPDATE 3-South Africa weighs new support measures for struggling Eskom

Jul 03 2019

* Officials think existing $16 billion bailout not enough (Adds more on potential implications for Eskom, government)

Explainer: ANC row over South African central bank unnerves investors

Jun 11 2019

JOHANNESBURG A row within South Africa's African National Congress (ANC) about the role of the central bank has unnerved investors and exposed deep divisions in the governing party.

ANC rifts behind push for new South African central bank mandate

Jun 07 2019

JOHANNESBURG/LONDON A row within South Africa's ruling African National Congress (ANC) party about the role of the country's central bank is unnerving investors because it is being driven by bitter factional battles rather than sober policy debate.

South African central bank row exposes ANC divisions

Jun 05 2019

JOHANNESBURG A row centring on the South African central bank exposed deep divisions in the governing ANC party on Wednesday, as a faction loyal to President Cyril Ramaphosa opposed calls from a rival group for the bank to do more to boost employment and growth.

Departures at South African state firms could drag out Ramaphosa's reforms

Jun 05 2019

JOHANNESBURG President Cyril Ramaphosa's mission to fix two of South Africa's most troubled state companies, power firm Eskom and South African Airways (SAA), could take longer than planned after their chief executives quit within a week of each other. | Video

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