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.
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.
* Hampered by ANC infighting, fiscal constraints
(Adds detail, context)
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.
* Says monitoring Oct. budget statement closely
(Recasts, adds finance minister quotes on debt, stimulus)
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.
* German firm investigating its public-sector contracts
(Adds quotes, details)
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.
* Rand recovers some lost ground on current account data
(Adds Ramaphosa, c.bank, analyst quotes, details)
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.