South African Reserve Bank Row Exposes ANC Divisions

By Reuters 06-06-19 10:18

JOHANNESBURG – A row centring on the South African central bank – the Reserve Bank – exposed deep divisions in the governing ANC party on Wednesday, as a faction loyal to President Cyril Ramaphosa opposed calls from a rival group for the bank to do more to boost employment and growth. The dispute between a […]

Loadshedding Leaves South African Economy Deep in the Red

By Reuters 04-06-19 16:58

South Africa’s economy saw its sharpest contraction in a decade in the first quarter of 2019 as the dreaded power cuts – nicknamed loadshedding locally – hurt key sectors like manufacturing and mining, another sign that President Cyril Ramaphosa’s growth drive is struggling to gain traction. Data on Tuesday showed the economy was 3.2% smaller […]

eskom south africa electricity

IMF Urges South Africa to Speed Up Reforms, Particularly with Eskom, to Boost Growth

By SAPeople 03-06-19 16:41

JOHANNESBURG – South Africa‘s subdued economic growth could be reignited if the implementation of structural reforms, including at troubled state power utility Eskom, is accelerated, the International Monetary Fund said on Monday. The fund said following President Cyril Ramaphosa’s re-election last month, a focus on policy actions to remove long-standing constraints to growth and accelerate […]

Humbled Panyaza Lesufi Reinstated as Minister of Education in Gauteng

By Wendy Mothata 31-05-19 18:00

After an outcry, Gauteng Premier David Makhura announced on Friday that Panyaza Lesufi will be reinstated as the MEC of Education in Gauteng. Lesufi was sworn in as MEC for finance and e-government, but many South Africans responded with disapproval yesterday. They saw it as an unnecessary move and called for his reinstatement as MEC […]

Deputy President David Mabuza to be Sworn In After Delay

By Reuters 23-12-20 23:13

JOHANNESBURG – South Africa‘s deputy president, David Mabuza, will be sworn in as a lawmaker on Tuesday, a week after he requested a postponement to address accusations he had brought the ruling African National Congress (ANC) into disrepute, the party said. Mabuza had met the ANC’s Integrity Commission over the past week, the party said, […]

Let’s Start A New South African Story… by Athol Williams

By SAPeople 26-05-19 19:22

Still feeling yesterday as I woke up this morning… writes Jennifer Crwys-Williams, from Saturdays With Jenny on KayaFM. Looking down on that field at Loftus Versfeld, at the goodwill, the smiles, the excitement & trying to convey what I was seeing to listeners who couldn’t see except through my eyes. It was a fabulous day. […]

Former Botswana President Quits Ruling Party Over Trophy Hunting Row

By SAPeople 25-05-19 22:15

GABORNE – Former Botswana President Ian Khama quit the ruling party on Saturday as a policy feud with his hand-picked successor deepened, threatening to split the party that has ruled the country since independence in 1966. Khama handed power to his then-deputy Mokgweetsi Masisi last year after serving as president of the diamond-rich southern African […]

Cyril Ramaphosa takes the oath of office at his inauguation as South African president

Promising Jobs and Justice, Ramaphosa Sworn In as South Africa’s President

By Reuters 25-05-19 14:17

PRETORIA – Trade unionist-turned-businessman Cyril Ramaphosa was sworn in as South Africa’s president on Saturday, vowing to create jobs and tackle deep-rooted corruption that has strangled economic growth. Ramaphosa, who becomes the country’s fourth democratically elected president since the end of apartheid, took the presidential oath before a crowd of about 32,000 people in a […]

Financial Emigration: Requirements and Misconceptions

By SAPeople Contributor 24-05-19 16:41

There is a lot of misinformation circling in the South African expatriate community about the amended expatriate tax law taking effect on 1 March 2020 and the process of Financial Emigration… writes Melanie Browne. We often have clients approach us where they have been subjected to scaremongering or solicited by “one-man” bands promoting their own […]

British PM Theresa May Announces Resignation

By SAPeople 24-05-19 11:44

As predicted, British Prime Minister Theresa May has announced today – Friday 24 May 2019 – that she will step down as leader of the Conservative party on 7 June, triggering a contest that will bring a new leader to power who is likely to push for a more decisive Brexit divorce deal. In an […]

South Africa’s Central Bank Leaves Repo Rate Unchanged at 6.75 %

By Reuters 24-05-19 00:09

South Africa’s central bank kept its benchmark repo rate unchanged at 6.75 % on Thursday, saying while the medium-term inflation forecast had moderated, economic growth was set to contract in the first quarter and continue to weaken. “Recent monthly inflation outcomes have remained around the mid-point of the inflation target range, in part due to […]

New Dawn: Cyril Ramaphosa Unanimously Elected as South Africa’s President

By SAPeople 23-05-19 16:43

CAPE TOWN – It’s official. South African lawmakers on Wednesday elected Cyril Matamela Ramaphosa as SA’s president in the first sitting of parliament since the ruling African National Congress (ANC) won a majority of parliamentary seats in the election earlier this month. Ramaphosa, who is also the leader of the ANC, was elected unopposed by […]

South African Deputy President Will NOT Be Sworn-In As MP Today

By Reuters 22-05-19 09:45

CAPE TOWN – South Africa’s deputy president, David Mabuza, will not be sworn in as a lawmaker on Wednesday after requesting a postponement to address allegations he brought the ruling African National Congress (ANC) into disrepute, President Cyril Ramaphosa said. Ramaphosa, who is also the leader of the ANC, is due to be elected on […]

Egypt Forces Kills 12 Suspects After Bus Carrying South African Tourists Bombed

By Reuters 20-05-19 17:51

CAIRO – Egyptian security forces have killed 12 suspected Islamist militants in Cairo, the Interior Ministry said on Monday, a day after an explosion targeting a tourist bus – carrying South African passengers – injured at least 12 of those on board. A rudimentary device containing nails and pieces of metal detonated on the perimeter […]

Zuma’s Lawyers Tell South African Court He’s Being Treated Unfairly

By Reuters 20-05-19 15:41

JOHANNESBURG – Jacob Zuma’s lawyers argued on Monday that the former South African president had been treated unfairly by prosecutors in his bid to have revived corruption charges set aside because he is unpopular in the country at large. Zuma has applied for a permanent stay of prosecution from 16 charges of fraud, racketeering and […]

How South African Govt Officials Spend Public Money on Extravagant Cars

By SAPeople 18-05-19 18:12

A Deputy Minister of Co-operative Governance and Traditional Affairs apparently wasn’t happy with the list of cars that Treasury negotiated bulk discounts on. So he asked Treasury for permission to purchase a Volvo XC90D4, at a cost of R1,118,352 to the public purse. The reason for the request was “National Treasury Transversal Contract RT57-2016/2017 does […]

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