South Africa hikes sales tax in 'tough' post-Zuma budget
South Africa braces for a tough budget speech Wednesday amid renewed optimism spurred by the country's new reformist president who has promised to drive the economy out of the doldrums.
South Africa new president to stamp his mark in key speech
South Africa's newly-minted president, Cyril Ramaphosa, will deliver his first major policy speech Friday, seizing the chance to offer the country a fresh start after nine bruising years under Jacob Zuma.
South Africa’s power utility Eskom would have defaulted without PIC loan
South Africa’s Public Investment Corporation (PIC), Africa’s biggest investment fund, said on Tuesday that without a 5 billion rand ($420 million) loan it advanced to cash-strapped utility Eskom, the utility would have defaulted on its existing debts with lenders. The PIC, which holds a large chunk of government bonds and stakes in leading South African…
Ramaphosa succeeds Zuma as South African president
South African lawmakers formally named wealthy former businessman Cyril Ramaphosa as new president Thursday after scandal-tainted Jacob Zuma resigned under intense pressure from his own party. Ramaphosa, the only candidate, was approved without a vote by the parliament in Cape Town, chief justice Mogoeng Mogoeng told assembled lawmakers, to loud cheers. Zuma announced his resignation…
ANC chiefs to meet to 'finalise' Zuma exit
Top leaders of South Africa's ruling ANC will meet Monday to "finalise" the departure of embattled President Jacob Zuma after party chief Cyril Ramaphosa promised to bring "closure" to the crisis.
No pardon for Zuma, suggests South Africa's likely next leader
South African President Jacob Zuma, who faces possible prosecution for alleged graft, will be treated "without favour", his likely successor has said.
ANC leader vows to 'restore credibility' after Zuma graft scandals
The new head of South Africa's ruling ANC, Cyril Ramaphosa, pledged Saturday to "restore the credibility" of the party after a spate of graft scandals involving President Jacob Zuma.
Ramaphosa faces new battles as head of South Africa's ANC
South African deputy president Cyril Ramaphosa faced wide-ranging challenges Tuesday after being elected to lead South Africa's ruling party as it grapples with corruption allegations and disunity.
South African vice president says he believes Zuma guilty of rape
South Africa's deputy president Cyril Ramaphosa has said he believes the woman who accused President Jacob Zuma of rape, triggered an immediate riposte from the presidential office.