Tito Mboweni replaces Nhlanhla Nene as Finance Minister
In the wake of Nhlanhla Nene’s resignation, South African president Cyril Ramaphosa has announced Tito Mboweni as the country’s new Finance Minister.
In the wake of Nhlanhla Nene’s resignation, South African president Cyril Ramaphosa has announced Tito Mboweni as the country’s new Finance Minister.
In late 2015, South African asset prices lost R500bn in two trading sessions. Here’s the back story to Nenegate in the words of the man who gave the scandal its name.
Ann Bernstein runs the Johannesburg-based Centre for Development and Enterprise (CDE), a fiercely independent think-tank which has been calling the South African scene in all its complex reality since 1995.
This precise, painstakingly-built piece explores what went wrong with our economy and what is desperately and speedily needed to reconstruct our fortunes.
The Independent Media group – controlled by Iqbal Survé – has attracted global attention for its blatant pro-China government editorial decision-making.
It is difficult not to be impressed and energised by the scale and apparent commitment of the China initiative in Africa, especially against the backdrop of (at best) disengagement by the US, and self-absorption by Europe.
South Africa’s surprise recession provides an opening for opposition parties heading into next year’s elections against the ruling ANC. The question is whether they can capitalise on it.
Banks are worried that South Africa is taking a wrong turn with laws being considered by the nation’s parliament that could leave the economy worse off.
In order to know where we are going, it’s important to know from where we came. This is the Biznews story so far…
China pledged to invest $14.7 billion in South Africa and grant loans to its state power utility and logistics company as the two nations seek to strengthen economic ties and increase trade. The rand gained.