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Following the resignation of Nigeria&#8217;s Finance Minister Kemi Adeosun and appointment of Zainab Ahmedas the acting finance minister, CNBC Africa finds out how the recent events will impact investor sentiments on Nigeria with Pabina Yinkere Chief Investment Officer at Sigma Pensions.

How did the markets react to the resignation of Adeosun?

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News making the rounds in Nigeria is that Finance Minister Kemi Adeosun has resigned.. On Monday, the 10th of September, the Special Assistant to the President on Media and Publicity Garba Shehu confirmed that investigations into the allegations of certificate forgery were ongoing. Uche Olowu, President Chartered Institute of Bankers of Nigeria joins CNBC Africa to assess this story and the performance of the 2018 budget.

Nigeria’s finance minister has resigned

HARARE (Reuters) &#8211; Zimbabwe’s new Finance Minister Mthuli Ncube may scrap the quasi currency bond note and liberalise exchange controls as part of reforms he plans to implement by end of this year, a state-owned weekly newspaper reported on Sunday.
The southern African nation, which dumped its currency in favour of the U.S. dollar in 2009 following years of hyperinflation, introduced bond notes in November 2016 in a bid to ease acute shortages of cash. The shortages have, however worsened while a black market continues to thrive.
The notes are backed by U.S. dollars loaned to the government by the African Export and Import Bank, and can be used like cash.
Officially, they are pegged to the dollar at a rate of 1:1, but on the street $1 fetches up to 1.50 in bond notes.
“I am very clear that there have to be currency reforms and the current currency approach is not working,” Ncube told the government-owned Sunday Mail.
He said he would explore three options: either Zimbabwe joins the South African rand union; uses only the U.S. dollar while removing bond notes from circulation, or reintroduces the Zimbabwean dollar.
Ncube however said a local currency would only be introduced when the country has enough foreign reserves and achieves macro-economic stability. Zimbabwe currently has two weeks import cover, according to central bank data.
Ncube, a former senior executive with the African Development Bank, was appointed by President Emmerson Mnangagwa on Friday and is expected to lead Zimbabwe’s economic recovery programme.
He was not immediately available to comment when Reuters tried to contact him.
A dwindling supply of cash dollars has led to banks limiting daily withdrawals to as little as $30 in bond notes. Companies are struggling to pay for imports and foreign investors cannot repatriate dividends or profits.
There are $350 million worth of bond notes in circulation, according to latest central bank figures.
Reporting by MacDonald Dzirutwe; Editing by Kirsten Donovan

Zimbabwe’s new finance minister considering scrapping bond notes, what you need to know…

JOHANNESBURG (Reuters) &#8211; South Africa’s tax take could well be lower than forecast this year, with a downturn in the economy exacerbating problems at the tax revenue service, Finance Minister Nhlanhla Nene said on Monday.
The country entered recession in the second quarter for the first time since 2009.
Nene said tax avoidance and evasion would rise in any economy that was growing slowly and where taxes have been increased, and the recession would only worsen matters.
“There is now additional downside risk to the tax revenue projected at the beginning of the year because of the contraction in the economy,” Nene told a tax conference.
“Fixing our economy to ensure that it grows faster and in a more sustainable manner is therefore critical.”
Nene also cited problems experienced by the South African revenue service (SARS).
President Cyril Ramaphosa suspended its commissioner Tom Moyane in March over alleged misconduct during the previous administration of Jacob Zuma, establishing an inquiry into the allegations two months later. Moyane has denied wrongdoing.
Reporting by Mfuneko Toyana; Writing by James Macharia; editing by John Stonestreet

South Africa’s Finance Minister says tax target could be lower than expected, here’s why

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Policy-makers have increasingly become concerned about the role of innovation for economic performance and as a solution to challenges that arise across the continent.

Innovation could help boost economies – Ex Cape Verde Minister

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Ghana&#8217;s finance Minister recently indicated plans to hit the international market to raise about $1.5 billion dollars by the end of April. Meanwhile, in a bid to check the country&#8217;s debt stock, IMF advised the government to cut the target to $500mn.

IMF advises Ghana to check debt stock

By Aviwe Mtila
While South Africa’s economic and political woes are facing prospects of a new dawn with its recent change in leadership, a lot of uncertainty still lies ahead.
As the country’s Finance Minister, Malusi Gigaba, tabled his maiden budget speech in parliament on Wednesday, rating agencies, investors and the world are watching closely like a teacher with a red pen in hand.
The decisions and direction South Africa takes going forward will be crucial in steering the country out of its ailing economy in to the road of growth and prosperity.
South Africa’s Budget 2018 noted the following as risks to the economic and fiscal outlook:
<ul>
<li>The recovery in economic growth is not yet broad-based. Much depends on continued improvements in political and policy certainty, and a supportive global environment. Tax buoyancy, which declined over the past two years, may not increase as quickly as projected.</li>
<li>Talks on a new public-service wage agreement are in progress. An agreement locking in salary increases that exceed consumer price index inflation would make expenditure limits difficult to achieve.</li>
<li>While decisive action by government to strengthen governance at Eskom has staved off the likelihood of near-term default, the financial positions of the power utility and several other large entities pose risks to the economy and the fiscus.</li>
<li>The costs associated with fee-free higher education and training are uncertain. The Department of Higher Education and Training will need to ensure that its plans are aligned with allocations.</li>
<li>A sub-investment downgrade for local- and foreign-currency debt by Moody’s would result in South Africa’s exclusion from the Citi World Government Bond Index, triggering a sell-off of South African debt. This would raise future borrowing and debt-service costs.</li>
</ul>

Budget 2018: S.A’s Economic Risks Still Elevated, Even with Green Shoots In Sight

Statement by Wits School of Governance
South Africa&#8217;s Former Finance Minister, Pravin Gordhan has been appointed as a Visiting Professor in the Wits School of Governance as from 1 December 2017.
“It gives us great pleasure to welcome Pravin Gordhan to Wits. He has played an integral role in South Africa’s history and we believe that his strong experience, sound public financial management and principled stand on good governance and transformation of the economy will add substantial value to the academic programme,” says Professor David Everatt, Head of the Wits School of Governance. “Gordhan’s strong views on corruption and financial mismanagement are well known – these are the vales [SIC] that we want to impress upon our students, many of whom serve in the public sector.”
Dean of the Faculty of Commerce, Law and Management, Professor Imraan Valodia concurs: “This is a substantial appointment that will bode well for the Faculty. Mr Gordhan will join the likes of Nhlanhla Nene (Interim Director of the Wits Business School), Max Sisulu and Tito Mboweni, all whom have held leadership positions in government. This is another step forward in strengthening the Faculty’s cohort of stalwarts whose knowledge, energy and experience will no doubt inspire the next generation of leaders.”
		
				
		
Through his long and distinguished career, Gordhan has obtained first hand practical knowledge of sound corporate governance and public sector management.
Professor Adam Habib, Wits Vice-Chancellor and Principal says: “Pravin Gordhan has a very successful track record in management of the public service. The skill sets that he has acquired through his years of managerial experience will be the basis of rich learning for the University and its students”.
Gordhan embodies the values of Wits University and the School, Faculty and administration look forward to engaging with him in the near future. 
 
Short Biography of Pravin Gordhan 
Mr Pravin Gordhan has been instrumental in building and leading key institutions in South African and is highly respected by man in the public and private sectors. 
He has served South Africa in many capacities over a long and distinguished career starting in his youth.
He was actively involved in student politics whilst studying for his degree in pharmacy at the University of Durban-Westville. He was appointed as an executive member of the Natal Indian Congress in 1974 and was subsequently involved in building civic organisations and promoting non-racialism through campaigns on civic and political issues. He is a stalwart of the anti-apartheid struggle through the ANC 
and SACP underground and the UDF through the 1970s and 1980s.
When negotiations for a democratic South Africa commenced, Mr Gordhan was appointed to the Steering Committee charged with steering CODESA. He also serves as the Co-Chair of the Negotiating Process for the Interim Constitution and as Co-Chair of the Transitional Executive Council set up in late 1993 to prepare the country for democratic elections in April 1994.
He was elected a Member of Parliament for the ANC in 1994 and chaired committees of the Constituent Assembly and the National Assembly, where he played a critical role in setting up the foundations for legislation and policy, including drafting the White Paper on local government.
Mr Gordhan was appointed Deputy Commissioner of the South African Revenue Services (SARS) in 1998 and then Commissioner in 1999. Internationally, he served as Chairperson of the World Customs Organization (WCO) and was also the Chairperson of the Forum on Tax Administration (FTA) within the Organisation for Economic Cooperation and Development (OECD) from 2008.
On 10 May 2009, President Jacob Zuma appointed Mr Gordhan as Minister of Finance. He was replaced as Finance Minister in 2014, becoming Minister for Co-operative Governance and Traditional Affairs. He was reappointed to the Finance Ministry in December 2015 and was again controversially replaced in March 2017.
He remains a member of parliament and has become a vocal critic of all entities who have fallen short of the high standards of performance, governance and integrity expected of them.

First Former SA Finance Minister Nene joins WBS, now Gordhan joins Wits

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President Zuma has agreed to Finance Minister Malusi Gigaba&#8217;s call to set up an urgent judicial inquiry into tax administration and governance at SARS.Joining CNBC Africa for more is Professor Keith Engel, CEO, SA Institute of Tax Professionals.

SA’s FinMin Gigaba is playing for both teams

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Finance Minister Malusi Gigaba called for an inquiry into the South African Revenue Service citing declining tax morality and negative sentiment on the Revenue Service as justification for the inquiry.

Why SA President Zuma agreed to a tax inquiry – tax specialist

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SA Finance Minister, Malusi Gigaba spoke about the urgency to resolve money issues that have plagued South African Airways over the years. The airliner received yet another bailout from Treasury, ranging around R2.2 billion.

South African Airways receives R2.2 billion bailout

LILONGWE (Reuters) &#8211; Malawi&#8217;s finance minister hopes the International Monetary Fund&#8217;s approval of a $26.9 million loan could lead to more global lenders unlocking budget support that was suspended three years ago over graft allegations.
The IMF said on Wednesday Malwai’s economy was on the right track after the fund completed its ninth and final review of the country&#8217;s economic performance under a program supported by an extended credit facility (ECF), allowing the global lender to make the loan.
<blockquote>&#8220;This is a very positive development because it signals that we are on the right track with our economic agenda and will help push for the much needed return of budget support,&#8221; Finance Minister Goodall Gondwe told Reuters on Thursday.</blockquote>
The loan brings total disbursements under the ECF arrangement, signed in 2012, to about $191.4 million.
&#8220;Strengthening public financial management, including through strong commitment controls, routine bank reconciliations, and regular fiscal reporting, remains critical to preventing the misappropriation of public funds and rebuilding trust and confidence in the budget process,&#8221; the IMF said in a statement.
Foreign aid has historically accounted for about 40 percent of the national budget.
Western donors led by former colonial ruler Britain froze budget support over a corruption scandal in which public servants siphoned millions of dollars from the public purse.
The World Bank resumed its budget aid to Malawi last month.
(Reporting by Mabvuto Banda; Editing by Olivia Kumwenda-Mtambo, Larry King)

Malawi sees IMF loan approval as signal of donor confidence

LONDON (Reuters) &#8211; The independence of South Africa&#8217;s central bank is paramount, Finance Minister Malusi Gigaba said on Tuesday, adding he was weighing whether to back the bank in seeking a court review of a recommendation that its mandate be changed.
A row over the independence of the South African Reserve Bank erupted this week after a public watchdog recommended it change its mandate from maintaining currency and price stability to acting in the interests of ordinary citizens.
&#8220;We need to protect at all times the independence of the South Africa Reserve Bank so we don&#8217;t subject it to undue influence from anybody,&#8221; Gigaba told Reuters in an interview.
(Reporting by Karin Strohecker and Claire Milhench; Editing by Richard Balmforth)
&nbsp;

S. Africa’s finance minister: Need to protect central bank independence

South Africa&#8217;s tender for the estimated 1 trillion-rand ($72 billion) expansion of its nuclear power plants will begin in June when state utility Eskom requests proposals from companies bidding for the project, City Press newspaper reported on Sunday.
South Africa, which has Africa&#8217;s only nuclear power station, wants nuclear power to play the leading role in expanded power generation, easing the country&#8217;s reliance on an ageing fleet of coal-fired plants. It has asked Eskom to procure an additional 9,600 megawatts (MW) of capacity.
<blockquote>Rebutting the report, National Treasury head of communication Yolisa Tyantsi said a meeting or presentation with Eskom on March 28 &#8220;was not on the state of readiness to procure&#8221; more nuclear power.
&#8220;National Treasury is not in a position to publicly disclose the discussions,&#8221; she said.</blockquote>
The City Press reported that an internal Eskom document indicates that the country&#8217;s nuclear programme will get underway.
According to the document, Eskom will issue requests for proposals in June, set the deadline for bids in September and for evaluation in December. The winning bidder will be decided in March 2018, the newspaper said, and the contract will be signed between December 2018 and March 2019.
Eskom&#8217;s spokesperson Khulu Phasiwe said &#8220;nothing at this stage has been decided on, those dates were suggestive dates.&#8221;
&#8220;If everything goes well, we will issue a request for proposals around June,&#8221; said Phasiwe, adding that the national treasury, department of energy and the department of public enterprises still have to make their own findings.
In February, 27 companies showed preliminary interest in the country&#8217;s plans to build more nuclear reactors after Eskom in December asked them to provide information on nuclear power costs and financing options. Companies have until April 28 to provide their information.
http://cnbc.africa/news/2016/11/09/edf-ready-to-take-part-in-tender-for-south-africa-nuclear-reactors/
<blockquote>&#8220;I don&#8217;t see it starting to happen in June. There are steps that need to happen and there is a determination that treasury has to make about affordability, and we are not near that right now,&#8221; said National Treasury spokesperson Mayihlome Tshwete.</blockquote>
Critics of the plan have raised questions about environmental risks and costs.
<blockquote>&#8220;The undeniable fact is that South Africa cannot afford, and does not need, the nuclear deal,&#8221; Natasha Mazzone, the opposition Democratic Alliance&#8217;s shadow minister of public enterprises, said in a statement.
&#8220;Indeed, international ratings agencies agree and this deal has been repeatedly cited as a cause for great concern and a key factor in downgrades not only for Eskom, but the country as a whole.&#8221;</blockquote>
Fitch on Friday followed S&amp;P Global Ratings and downgraded South Africa to &#8220;junk&#8221;, citing among other factors differences over the country&#8217;s nuclear programme, along with President Jacob Zuma&#8217;s decision to sack Pravin Gordhan as finance minister.
http://cnbc.africa/news/southern-africa/2016/11/03/nuclear-energy-not-for-south-africa/
($1 = 13.7525 rand)
(Reporting by Nqobile Dludla,; Editing by Larry King and Stephen Powell)
&nbsp;

South Africa’s $72 billion nuclear project to move in June, newspaper reports

At midnight on Thursday President Jacob Zuma announced the details of a widely-anticipated cabinet reshuffle. Zuma made 20 changes to his administration. Without question, though, the most significant – and concerning – is the removal of the respected and regarded Minister of Finance, Pravin Gordhan, and Deputy Minister of Finance, Mcebisi Jonas. Notwithstanding internal opposition from amongst the top six members of the ANC and its alliance partner, the South African Communist Party, eight other cabinet members were also shuffled. Immediate market reaction was palpable, with the rand moving from R12.80 to the US dollar on Thursday evening to trade as high as R13.60 to the US dollar by early Friday morning.
Zuma’s actions reek of desperation
Gordhan, who was recalled from an international roadshow at the start of the week, has been replaced by Home Affairs Minister Malusi Gigaba. Gigaba is a former ANC youth league leader, and has served in parliament and in cabinet under former President Mbeki and President Zuma. Gigaba has no financial or business experience. Put bluntly, confidence in Gigaba&#8217;s leadership at National Treasury is likely to be low given his insipid performance as Minister of Public Enterprises and the visa fiasco that transpired under him as Minister of Home Affairs. He is widely regarded to be a Zuma loyalist. As such, his appointment represents a direct risk to the institutional strength and fabric of national treasury and the maintenance of the fiscal discipline that is Gordhan’s hallmark.
		
				
		
Less surprising is the appointment of Sfiso Buthelezi who has been widely touted as a likely replacement for either Gordhan or – as is the case – deputy minister Jonas. Buthelezi is a seasoned politician, qualified economist and comes with business experience that includes having served as chief operations officer and director of the Makana Investment Corporation – an investment vehicle for ex-political prisoners, particularly those from Robben Island.
There can be no avoiding the observation that Zuma’s actions reek of desperation. Gigaba is South Africa&#8217;s fourth finance minister in 15 months, and he is appointed days ahead of the decision to be announced by rating’s agency Moody’s in the first week of April. However, of the three big agencies, Standard and Poor’s has been the most vocal by far. Although their next decision is scheduled for early June there is a chance that the agency’s announcement could be brought forward to an earlier date.
Shift in policy in short term unlikely, but downgrade on the cards
Notwithstanding growing references to radical economic transformation, it is unlikely that we will see any substantial shift in policy in the near term. Still, the growing rhetoric and nature of Zuma’s actions are likely to lead ratings agencies – and market actors – to regard South Africa as a greater investment risk at the end of this week than it was at the start. As a result, there is now a greater probability that Zuma’s actions will galvanise Standard and Poor’s into downgrading South Africa’s debt to sub-investment grade, perhaps as soon as mid-year.
Fallout expected
In terms of broader political implications, opposition parties are likely to call for a vote of no confidence and to work to put in place an impeachment motion. There is also a view that Zuma’s actions could prompt resignations from within cabinet and that this faction would enjoy the support of outspoken members of the South African Communist Party and perhaps galvanise Deputy President Cyril Ramaphosa into action. ANC Secretary General Mantashe has also commented in interviews about disagreement and lack of support relating to the cabinet reshuffle. These developments will play out in their own way, and experience suggests that those taking a stance on outcomes are, instead, likely to be met by surprise. Consider, by way of example, the overwhelmingly unanticipated political events that marked 2016, including Brexit and the Trump election.
		
				
		
In the immediate term, we should brace ourselves for currency weakness and market impacts in the form of the repricing of financial assets, including South African bonds and domestic banks. No doubt, there will also be a lot of noise to deal with as politicians deliberate, the country digests and markets decide.
Protecting and growing wealth doesn’t start with a question about “What’s the upside?” but rather “What’s the risk?”
In all of this, the merit of a sound investment philosophy and a disciplined process is reinforced, and we are reminded that protecting and growing wealth doesn’t start with a question about “What’s the upside?” but rather “What’s the risk?” As a consequence, of the above uncertainties, as well as others that we have anticipated – such as normalisation of interest rates in the United States, Trump’s more dramatic policy action and the likelihood of a ratings downgrade for South Africa – we have adopted a conservative stance in our portfolio construction and sought the greatest possible diversification to mitigate risk in each solution. By way of example, we have a low allocation to credit in our money market, income and bond funds; we are short duration in our bond fund; we are underweight bonds in our houseview and balanced fund; we are overweight hedge funds in our houseview; we have overweight positions in protected equity in our houseview and balanced fund; and, arguably most critically, we have held an underweight position on South African assets versus global assets.
Contrary to expectations, near-term impact of weak rand may be positive for economy; long-term effect undeniably negative
Perversely, the near-term impacts on the South African economy could be stimulatory through a weaker rand and more expansionary fiscal policy. The longer-term effects will be unequivocally negative, entrenching Zuma’s record of poor economic leadership. The most obvious long-term effects will come in the form of reduced personal income held back by slower economic growth and eroded by higher consumer price inflation. Interest rates are also likely to move to a higher plane given the implications for South Africa’s credit ratings. Damaged business confidence will keep a lid on much-needed investment spending and economic growth will remain muted. The implication, in turn, for urgently needed job creation by the private sector, is unambiguously negative. Consequently, and perversely, the sought after “radical economic transformation” will become even harder to achieve under Zuma’s revised cabinet.
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http://cnbc.africa/news/southern-africa/2017/03/31/ceo-initiative-responds-dismissal-minister-finance/
http://cnbc.africa/featured/2017/03/31/economists-money-makers-react-cabinet-reshuffle/

Cabinet reshuffle and what it means for South Africa – Citadel

Decision to dismiss Minister and Deputy Minister of Finance has severe consequences for economy 
<ul>
<li>Setback to work done by government, labour and business to avoid a downgrade </li>
<li>Progress towards inclusive economic growth potentially undermined </li>
<li>Lack of investor confidence in South Africa will hurt the poor the most</li>
<li>Question whether vacuum of leadership created by cabinet reshuffle is in country’s best interest</li>
</ul>
The CEO Initiative is gravely concerned and disappointed by the ill-timed and irrational dismissal of a trusted and well-respected Minister of Finance and Deputy Finance Minister. This decision, and the manner in which it was taken, is likely to cause severe damage to an economy that is in dire need of growth and jobs. The rationale for the removal of other ministers in key departments at a time when the country is beginning to make progress on a number of fronts is also questionable.
The speculation relating to the fate of the Minister of Finance that has reigned since the start of this week – and this morning&#8217;s announcement – have created unnecessary instability at one of our country’s key institutions and caused immense uncertainty among international investors. South Africa is an emerging economy in a global community, in need of capital from all corners of the world.
If investors lose faith and trust in our economy, all citizens – not just big business – pay the price for this, in the form of higher inflation, decreased buying power as well as decimated savings, pensions and investments. A lack of investment also means that growth – and much-needed job-creation – will be stifled.
More than a year ago – at the request of President Jacob Zuma, Deputy President Cyril Ramaphosa and the South African government as a whole – representatives from government, labour and business started working together with unprecedented urgency. Their goal was to achieve inclusive and sustainable growth, for the benefit of all who live in South Africa.
We maintain this is the most responsible and sustainable way of achieving true economic transformation. The dismissal of Pravin Gordhan as Minister of Finance and his deputy creates a high risk of derailing any progress that has been achieved in this regard and will deal a serious blow to the economy at a time when the country can ill afford this.
Commitment to fiscal discipline is of the utmost importance if we are to protect the economy from outside shocks and maintain an investment grade credit rating.
The role that the National Treasury plays in maintaining investor confidence in South Africa should not be underestimated. Pravin Gordhan and Mcebisi Jonas have always acted with the utmost integrity in their relations with business, while continuously challenging our approach to economic transformation and inclusive growth, in a manner that was entirely consistent with the Constitution and policies of the ruling party.
The combined efforts from government, labour and business have resulted in a vastly improved outlook for the economy compared to a year ago.
Firstly: the risk of a downgrade to sub-investment grade has significantly reduced. A healthy and stable credit rating forms the basis of creating an environment in which growth can thrive, as it attracts investors and ensures the country can borrow at an affordable rate.
Secondly: government, labour and business have made progress on various initiatives to support growth in the economy. This includes the establishment of a R1.5bn SME Fund to invest in small and medium-sized businesses; a Youth Unemployment Scheme aimed at providing employment opportunities to one million young people over a period of three years; as well as various investment initiatives underway in sectors such as agriculture, tourism, manufacturing and healthcare.
All three major rating agencies have acknowledged the combined efforts from government, labour and business in their year-end assessments in 2016, as South Africa maintained its investment grade sovereign ratings. However, the country still has to implement a significant number of reforms in order to create inclusive and sustainable growth that is necessary for true economic transformation.
The Treasury has shown great courage in taking difficult decisions to safeguard the credibility of the country’s finances, while paying heed to social challenges including the university funding crisis and welfare spending. Rating agencies and global investors have lauded South Africa’s efforts in this regard and the importance of continued rigour cannot be emphasised enough.
South Africa is well on its way to fulfilling its developmental mandate and creating a more equitable distribution of income by working towards the goals of the National Development Plan, but this has to be done in a disciplined and responsible manner – not by spending excessively on the short term with little regard for the future.
It is of the utmost importance to all South Africans that the integrity and capacity of the National Treasury be maintained.
We call on the new Minister, the government as a whole, and the ruling party to ensure that this great national institution is not further harmed by capricious executive decisions and that South Africa’s fiscal management remains as strong as ever in support of the South African competitive national advantage.
&nbsp;

CEO Initiative responds to the dismissal of Minister of Finance

South African Finance Minister Pravin Gordhan said &#8220;let&#8217;s wait and see&#8221; when asked about reports that President Jacob Zuma was set to remove him, as he arrived back from an investor roadshow in Britain on Zuma&#8217;s orders.
Gordhan told reporters shortly after landing at Johannesburg&#8217;s international airport that he was focused on restoring faith in Africa&#8217;s most industrialised economy and had met with about 50 investors while in London.
On Monday, Zuma recalled Gordhan from the roadshow, fuelling lingering speculation of a cabinet reshuffle. South African assets, including the rand, have fallen sharply since Gordhan was told to return to South Africa.
(Reporting by Nqobile Dludla and Olwethu Boso; Writing by Joe Brock; Editing by James Macharia)

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CEO Initiative responds to the dismissal of Minister of Finance

“Let’s wait and see,” South Africa’s Gordhan says on sacking reports

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finance minister

How did the markets react to the resignation of Adeosun?

Nigeria’s finance minister has resigned

Zimbabwe’s new finance minister considering scrapping bond notes, what you need to know…

South Africa’s Finance Minister says tax target could be lower than expected, here’s why

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IMF advises Ghana to check debt stock

Budget 2018: S.A’s Economic Risks Still Elevated, Even with Green Shoots In Sight

First Former SA Finance Minister Nene joins WBS, now Gordhan joins Wits

SA’s FinMin Gigaba is playing for both teams

Why SA President Zuma agreed to a tax inquiry – tax specialist

South African Airways receives R2.2 billion bailout

Malawi sees IMF loan approval as signal of donor confidence

S. Africa’s finance minister: Need to protect central bank independence

South Africa’s $72 billion nuclear project to move in June, newspaper reports

Cabinet reshuffle and what it means for South Africa – Citadel

CEO Initiative responds to the dismissal of Minister of Finance

“Let’s wait and see,” South Africa’s Gordhan says on sacking reports

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