Planes dropped bombs from the blue, artillery shelled suburban houses, riflemen fought street battles, snipers fired from bedroom windows and tanks rumbled through the suburbs.
South African President Cyril Ramaphosa has tested negative for coronavirus, the presidency said in a statement on Thursday.
In a live television broadcast after a special cabinet meeting, Ramaphosa said the outbreak, first detected on March 5, could have a significant and “potentially lasting” impact on a struggling economy, which is already in recession.
SA’s President Cyril Ramaphosa releases the Judicial Commission of Inquiry into Public Investment Corporation report
By Presidency RELEASE OF THE REPORT OF THE JUDICIAL COMMISSION OF INQUIRY INTO PUBLIC INVESTMENT CORPORATION
Moody's warns "even if the government achieves its planned spending restraint, the government's projected primary deficit of 1.1% of GDP by fiscal 2022 would still be too wide to stabilize the debt burden."
South Africa’s largest trade union federation COSATU said on Wednesday that it would not allow workers’ wages to be slashed, after Finance Minister Tito Mboweni used a budget speech to promise cuts to the public sector wage bill.
South Africa Budget Day
All eyes were on Tito Mboweni for this budget as investors sit on the edge of their seats for the upcoming Moody's rating which, prior to the budget being delivered, was suspected to be a downgrade. Has that changed? And what is the view of other ratings agency's to South Africa's spending and collection plans. Join this CNBC Africa panel of experts as they unpack Finance minister Tito Mboweni's 2020 budget speech....
South Africa Budget Day
Finance Minister Tito Mboweni says South Africa's income tax system is progressive and the adjustments reflect this. Mboweni announced some declines in personal income tax. But as much there may be tax relief, sin taxes have again gone up- so what does this budget mean for you and your wallet? Samke Mhlongo, Founder & Chief Executive of Next Chapter, Ricardo Teixeira, Chief Operating Officer, Wealth Advisers BDO and Zweli Mabhoza Founder and Director, Priority Tax Solutions join CNBC Africa for more....
Howard Marks, billionaire investor and co-chairman of Oaktree Capital Management, says assets have declined in price, and Oaktree has been buying into high yield bonds in the U.S., which yield has jumped from 3.5% six weeks or two months ago (excludi
China's manufacturing activity expanded in March, defying many economists' expectations. But Jason Daw of Societe Generale warns that consumption remains the "big question" going forward.
From supply chains to our plates what we eat has a big impact on the planet’s resources. In this episode of Sustainable Energy we take a look at how Nature-Based Solutions can help us eat healthier for a better planet.
By: Elliot Smith KEY POINTS South Africa now has no investment-grade sovereign credit rating...
Sanlam announced major changes in its boardroom today. Current CEO Ian Kirk will be stepping down, making way for former CEO and Chair of Old Mutual South Africa to begin in July.