Zim’s latest fantasy: Official switch from “dollarisation” to “yuanisation”
Zimbabwe plans to adopt the Chinese yuan as legal tender in return for debt cancellation worth about $40m – a move one economist predicted “has no future at all”.
Leadership
Lindiwe Zulu: Blame business, not Zuma, for the Van Rooyen finmin disaster
Being effective runs a poor second in the Zuma Administration to unquestioning loyalty behind Number One. A fact reflected in Lindiwe Zulu’s contribution here, where she makes the outrageous claim that the business community must carry blame for massive losses inflicted by Zuma’s appointment of his “weekend special” Finance Minister.
Trevor Manuel, Floyd Shivambu – exposing Guptas as puppeteers in #Nenegate
Former Finance Minister Trevor Manuel’s open letter published in the City Press questions why President Jacob Zuma fired Finance Minister Nhlanhla Nene.
To rent or buy? SAA, Airbus deal still on the table. Deadline 21 Dec.
Airbus is willing to proceed with a government-approved deal to lease five A330 wide-body planes to SAA, even after the state-owned carrier’s chairwoman sought to renegotiate the deal in defiance of the country’s National Treasury.
Leaked memo: SAA’s ‘reckless’ board on ‘insolvent’ path
Dudu Myeni didn’t want the South African public to know that SAA was “insolvent” and that they are described as “reckless” in the memorandum.
Meet the Gupta Family, Zuma’s close pals, SA’s “chieftains of patronage”
As South Africans endure their deepest economic crisis since 2009, it’s not just President Jacob Zuma they blame. There’s a family whose name is increasingly the target of protest: the Guptas.
Thanks to Gwede, Cyril, top bankers, SA dodged a big bullet last weekend.
The biggest banks know better than to publicly take on South Africa’s ruling African National Congress. So when President Jacob Zuma sent markets plunging by replacing the finance minister with an obscure lawmaker, they rushed to lobby the ANC behind the scenes.
Gordhan: We’re listening to ratings agencies, we’ll get SA’s house in order
Pravin Gordhan says he’ll shore up public finances to regain market trust and show credit-rating agencies the government is serious about managing debt.
Pravin Gordhan: “Miscalculation needs new scenario. I’m the new scenario.”
Less than two years since he left National Treasury, Pravin Gordhan delivered his first statement as Finance Minister following his reappointment.
Pravin reappointed Finance Minister; will SA force Zuma to fall on sword?
President Jacob Zuma reappointed Pravin Gordhan as Finance Minister, while David van Rooyen moves to Minister of Cooperative Governance and Traditional Affairs.