South Africa’s Mminele Quits as Reserve Bank Deputy Governor

By Reuters 27-06-19 16:20

Daniel Mminele will retire as deputy governor of the South African Reserve Bank at the end of the month after 10 years in the job, the Reserve Bank said on Thursday, making him the third member of its policy committee to quit the regulator recently. Mminele’s retirement follows the departure of fellow deputy governor Francois […]

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WATCH Jacob Zuma Shares Prison Memory Triggered by Mabena Video

By SAPeople 25-06-19 09:45

The videos of a soldier called Mabena that have been going viral in South Africa the last few days, have triggered a memory from 1963 in the country’s former president Jacob Zuma. Zuma took to Twitter to share the memory of when he was arrested and interrogated in a police cell in Pretoria. He said: […]

Don’t Expect Debt Relief, United States Warns Africa

By Reuters 24-06-19 16:13

African countries running up debt they won’t be able to pay back – including to China – should not expect to be bailed out by western-sponsored debt relief, the United States’ top Africa diplomat warned. The International Monetary Fund and World Bank began the Heavily Indebted Poor Countries (HIPC) Initiative in 1996 to help the […]

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South Africa’s Reserve Bank Expected to Cut Rates Soon

By Reuters 21-06-19 14:24

South Africa’s Reserve Bank will probably cut interest rates next month or in September to boost the country’s economy, a Reuters poll found on Friday. A median forecast from 24 economists, polled this week, suggests the economy will grow 0.6% this year, slower than last year’s 0.8% and weaker than the 1.1% predicted in a […]

THIS WEEK IN SA: #Sona Trumped by #ZindziMandela

By SAPeople Contributor 17-12-20 01:41

How did you feel about #Sona, and how is it possibly not the top story? #ZindziMandela’s comments on Twitter made more impact than #Sona2019.  #Zindzi started a heated discussion surrounding land just before the Presidential event and Twitter rose to her defence while others were furious at her commentary (which included insults like calling white […]

Rand Falls After Ramaphosa Speech Seen Lacking Details

By Reuters 21-06-19 09:45

JOHANNESBURG – South Africa’s rand weakened against the dollar in early trade on Friday, as markets digested President Cyril Ramaphosa’s state of the nation address (SONA) which some analysts said lacked detail on how he plans to fix the ailing economy. At 0640 GMT, the rand traded at 14.3800 per dollar, 0.2% weaker than its […]

President Announces 7 Priorities to Take South Africa Forward

By SAPeople 20-06-19 21:33

In a speech delivered at a time of great economic difficulty, President Cyril Ramaphosa has announced seven priorities that he believes will fast track South Africa’s path to prosperity. Delivering his third State of the Nation Address (SONA) in Parliament on Thursday evening, the President said the time for idle talk was now over – […]

ANC Calls on DA to Suspend Garden Route Mayor After Trip to Indonesia

By SAPeople 19-06-19 21:49

The ANC in the Western Cape has called on the DA to immediately suspend Memory Booysen – Mayor of the Garden Route District Municipality – for accepting an all-expenses paid trip to Indonesia. According to reports, Booysen visited Indonesia with the parent company of a German firm that has been given a controversial 50-year lease […]

Where to Stream The State Of The Nation 2019

By Guest Contributor 19-06-19 12:23

Cyril Ramaphosa and the ANC have been returned to power. But what agenda will he set for the months and years ahead? Watch The State of the Nation address wherever you are on DStv Now. The State of the Nation Address (SoNA) is typically one of the highlights of the political calendar. In February this […]

South Africa’s Rand Rallies as Ramaphosa Set to Give More Support to Eskom

By Reuters 18-06-19 17:41

JOHANNESBURG – South Africa‘s rand rallied in late trade on Tuesday after the government signalled it will give additional support to power firm Eskom, and as emerging currencies were lifted by expectations the Federal Reserve could signal U.S. rate cuts. At 1400 GMT the rand was 1.76% percent firmer at 14.5475 per dollar, after early […]

President Ramaphosa Receives Notice of Public Protector Investigation

By SAPeople 12-06-19 16:16

President Cyril Ramaphosa has received a notice from the Public Protector that he is being investigated for violating the Executive Ethics Code. The Presidency issued a statement on Wednesday confirming receipt of the notice. The investigation is in relation to a payment of R500 000 from Bosasa CEO Gavin Watson to the President’s election campaign […]

Presidential Panel Submits Delayed Report on South African Land Reform

By SAPeople 12-06-19 10:36

JOHANNESBURG – A panel of experts appointed by President Cyril Ramaphosa to advise South Africa’s government on how to resolve the issue of land reform, restitution and redistribution handed in its final report on Tuesday, the presidency said. “This report is an important step forward in our quest to right the original sin by developing […]

ANC Row Over South African Reserve Bank Unnerves Investors

By Reuters 11-06-19 19:17

JOHANNESBURG – A row within South Africa‘s African National Congress (ANC) about the role of the country’s central bank – the Reserve Bank – has unnerved investors and exposed deep divisions in the governing party. One ANC faction loyal to President Cyril Ramaphosa is opposing calls from a rival group for the central bank’s monetary […]

South African Government Sued Over Coal and Industrial Air Pollution

By SAPeople 10-06-19 20:19

JOHANNESBURG – South Africa’s government has failed to tackle high air pollution levels in an area which is home to coal-fired power stations and refineries, a lawsuit filed by environmental and community groups says. The case – filed in the Pretoria High Court on Friday – claims the government has violated the constitutional right to […]

DA Calls for Release of Report on Ramaphosa

By SAPeople 10-06-19 15:09

JOHANNESBURG – South Africa’s main opposition party – the Democratic Alliance (DA) – called on Monday for the Public Protector (SA’s corruption watchdog) to release a report into allegations President Cyril Ramaphosa misled parliament over a donation to his 2017 election campaign for the leadership of the ruling ANC. The opposition had complained to the […]

Moody’s Lowers South African Growth Forecast after Q1 Slump

By Reuters 10-06-19 13:00

Ratings agency Moody’s said on Monday that it had lowered its forecast for South Africa‘s 2019 economic growth to 1.0% from 1.3% after it said a first-quarter contraction had dented the government’s revenue and policy options. Moody’s is the last of the big three international credit firms to rate South Africa at investment grade. President Cyril Ramaphosa’s efforts to revive […]

Sports Minister Tokozile Xasa Resigns, Following 3 Other ANC Ministers

By SAPeople 07-06-19 13:09

The Office of the ANC Chief Whip has confirmed the resignation of former Minister of Sport and Recreation Tokozile Xasa as an ANC Member of Parliament. The Chief Whip, Pemmy Majodina, said in a statement Friday morning that Xasa’s resignation is effective from today, 07 June 2019. Xasa, who was previously Tourism Minister, will be […]

South Africa’s Rand Continues to Tumble on Reserve Bank Worries

By Reuters 07-06-19 10:06

South Africa’s rand fell again early on Friday, reaching a new 2019 low as assurances by the African National Congress (ANC) about the independence of the Reserve Bank did little to ease nerves about economic policy. At 0640 GMT, the rand was 0.63% weaker at 15.0900 per dollar, bringing losses since Monday to nearly 5% […]

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ANC Confirms 3 Resignations from Parliament; Party Divisions Exposed

By SAPeople 06-06-19 20:26

The Office of the ANC (African National Congress) Chief Whip has confirmed the resignations of three ANC Members of Parliament…. with no reasons given. In a statement on Thursday evening, the ANC confirmed the resignations of former Minister of Social Development Susan Shabangu, former Minister of State Security Dipuo Letsatsi-Duba and former Minister of Human […]

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