The rand has rallied more than 6 percent since Ramaphosa, who has pledged to revive the struggling economy and stamp out corruption, was elected leader of the ruling ANC on Dec. 18.
In Marikana, where 34 striking miners were shot dead by police during a wildcat strike against Lonmin in 2012, the length of this year’s stoppage has left many miners cash-strapped despite wage hikes of up to 20 percent as they have to repay debt that piled up when they didn’t have a pay cheque.
JOHANNESBURGÂ (Reuters) – South African stocks stumbled on Wednesday after two straight days of gains, lead by banks such as FirstRand with the sector caught in the cross hairs of a technical sell-off. Johannesburg’s Banks index fell 2.60 percent, its steepest drop in six months, after its 14-day RSI, a momentum indicator tracked by analysts, strayed … Read more
 Last week American politicians (or more specifically the Republican Party) saw the error of their ways and staved off a potentially catastrophic development. The solution was nothing other than their favourite current action of postponement – “kicking the can down the road” as it has become known. In this interview, George Glynos gives context, providing … Read more