SAA ends operations over bailout denial, $1.4 billion losses
South African Airways (SAA), may have reached the end of the line and now at the verge of liquidation following the rejection of another bailout request.
South Africa minister accuses opposition leader of inciting violence
South Africa's respected former finance minister Pravin Gordhan reported leftist opposition leader Julius Malema to police on Monday for allegedly inciting violence following inflammatory remarks he made last week.
Sacked South Africa finance minister warns of ANC meltdown
South Africa's former finance minister Pravin Gordhan, who was dramatically fired by President Jacob Zuma, has warned that the ruling ANC party could lose power in the next election.
‘Junk’-rated debt could cost South Africa more than $10 bilion in lost funds
If South Africa loses two of its prized investment grade credit ratings for foreign and local currency borrowing in the turmoil triggered by the sacking of the finance minister, the country could lose more than $10 billion in investment funds.
Sacking triggers civil war in South Africa's ruling ANC
The sacking of South Africa's respected finance minister in a cabinet purge pitched the ruling ANC party into chaos Friday, creating one of its biggest tests since leading the fight against apartheid.
South African rand plunges after finance minister sacked in reshuffle
South Africa's rand plunged five percent Friday after President Jacob Zuma sacked his finance minister and made ten new cabinet appointments in a dramatic reshuffle that has fuelled fears of a split in the ruling African National Congress.
Expectations finance minister Gordhan will go leave South African markets on edge
South Africa’s currency and bonds weakened again on Wednesday as expectations rise that President Jacob Zuma will sack finance minister Pravin Gordhan following the funeral of anti-apartheid icon Ahmed Kathrada later in the day.
South Africa's Zuma plans to sack finance minister
South African President Jacob Zuma has vowed to sack his respected finance minister, a government coalition party confirmed Thursday, in a move which could split the African National Congress (ANC).
Finance minister back in South Africa after Zuma recall
Finance Minister Pravin Gordhan returned to South Africa Tuesday, officials said, after he was recalled from a trade trip by President Jacob Zuma, fuelling speculation of a dramatic political showdown.