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South Africa will ramp up support for its ailing state-owned power utility Eskom with an additional R59bn spread over two years.
South Africa’s top court ruled that the nation’s anti-graft ombudsman acted in bad faith and was personally liable for a portion of the legal fees incurred by the central bank when it sought to review her findings that questioned its mandate.
Weekend murder statistics for the metro region have shown a decline from previous weekends, as the South African National Defense Force arrived on the ground in various communities this weekend.
It is essential that the Public Protector enjoys the confidence of South Africans, that it acts impartially – without prejudice or favour – and that it is above reproach.
Former South African President Jacob Zuma backtracked on a threat to halt his testimony to a judicial panel that’s investigating whether he consented to and benefited from widespread looting during his nine-year rule after it agreed to limit the scope of its questioning.
Former South African President Jacob Zuma declined to provide further testimony to a judicial panel that’s investigating whether he consented to and benefited from widespread looting during his nine-year rule.
PepsiCo has entered into an agreement to acquire all the outstanding shares of Pioneer Foods for R110 per share in cash (approximately $1.7bn).
South Africa’s central bank cut its benchmark interest rate for the first time in more than a year as it almost halved its economic growth forecast for the year.
Richemont reported a surprise drop in revenue from its watch business, with protests in Hong Kong cutting sales in a key luxury market for the owner of Cartier.
South African retail-sales growth beat expectations for a second straight month in May, boding well for an economy that contracted in the first quarter.