Edition:
United Kingdom

Alexander Winning

South Africa should seek damages from KPMG over bank graft - central bank probe

10 Oct 2018

JOHANNESBURG, Oct 10 South Africa should seek damages from global auditor KPMG for the role it played in a corruption scandal that saw at least 1.9 billion rand ($130 million) stolen from local bank VBS, a central bank investigation published on Wednesday said.

South African president's office says 'not aware' of Nene request to be sacked

08 Oct 2018

JOHANNESBURG South Africa's President Cyril Ramaphosa's spokeswoman said on Monday his office was not aware of Finance Minister Nhlanhla Nene's request to be relieved of his duties after he admitted to visiting the Gupta brothers.

UPDATE 2-S.Africa's Ramaphosa announces plan to reduce sky-high unemployment

04 Oct 2018

* Hampered by ANC infighting, fiscal constraints (Adds detail, context)

Goldman forecasts South African economic rebound in 2019

03 Oct 2018

JOHANNESBURG Goldman Sachs expects South Africa's economy to grow almost 3 percent next year, helped by President Cyril Ramaphosa's reforms and strong global growth, the bank's sub-Saharan Africa head told Reuters.

UPDATE 3-Moody's sees little chance of South Africa downgrade

13 Sep 2018

* Says monitoring Oct. budget statement closely (Recasts, adds finance minister quotes on debt, stimulus)

South Africa to probe whether kickback was paid for SAP contract

12 Sep 2018

PRETORIA South Africa's Special Investigating Unit (SIU) will investigate whether a kickback of more than 35 million rand ($2 million) was paid for a state contract with German software firm SAP, a spokeswoman for the unit told Reuters.

UPDATE 1-South Africa to probe whether kickback was paid for SAP contract

12 Sep 2018

* German firm investigating its public-sector contracts (Adds quotes, details)

South Africa launches new probe into state contract with Germany's SAP

06 Sep 2018

JOHANNESBURG South African President Cyril Ramaphosa authorised a new investigation into a water ministry contract with German software firm SAP on Thursday, citing allegations that public money was spent unlawfully.

UPDATE 2-Ramaphosa says South Africa to recover from recession soon

06 Sep 2018

* Rand recovers some lost ground on current account data (Adds Ramaphosa, c.bank, analyst quotes, details)

South Africa's Eskom closes in on wage deal with unions

03 Aug 2018

JOHANNESBURG South African state-run power utility Eskom closed in on a wage deal with trade unions on Friday, as two large unions sought a mandate from their members to agree to Eskom's latest salary offer after weeks of fraught negotiations.

World News