PRETORIA South Africa’s unemployment rate jumped to its highest since the global financial crisis more than a decade ago, data showed on Tuesday, piling pressure on a shrinking economy and President Cyril Ramaphosa’s pledge to deliver a turnaround.
* Governor Kganyago recently reappointed
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LONDON/JOHANNESBURG, June 20 Seriti Resources
and a consortium backed by global energy trader Mercuria are
among up to six groups to have submitted final bids for the
South African coal assets of South32, four sources
familiar with the matter told Reuters.
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.
PRETORIA/JOHANNESBURG South Africa's governing party has agreed to expand the central bank's mandate to include employment and growth as well as inflation, a senior party official said on Tuesday, hours after data showed the worst economic contraction in a decade.
PRETORIA/JOHANNESBURG South Africa's President Cyril Ramaphosa on Wednesday retained Tito Mboweni as finance minister in a new, leaner cabinet, following on from a pre-election pledge to reform and revive an ailing economy and attract foreign investors. | Video
PRETORIA The African National Congress (ANC) was headed towards victory in South Africa's election on Friday, partial results showed, though the party was on course for its worst performance in a national poll in its 25 years in government. | Video
JOHANNESBURG/CAPE TOWN South Africans voting in a national election on Wednesday expressed frustration at rampant corruption, high unemployment and racial inequalities that persist 25 years after the first all-races poll marked the end of white minority rule. | Video
JOHANNESBURG Even with a decisive election victory for South Africa’s ruling party this week, the country’s President Cyril Ramaphosa could still struggle to push through the tough reforms needed to galvanise Africa's most developed economy, say analysts and some party insiders.
JOHANNESBURG, May 6 Surrounded by a crop of
wilting sugar beans, Georginah Sidumo rubs red dust off a folder
of documents she says are the only proof her farmers'
cooperative has the right to work on the land it controls.