Edition:
United Kingdom

Mfuneko Toyana

South Africa's investment-grade rating depends on pace of reform - Moody's

10 Sep 2019

JOHANNESBURG South Africa is unlikely to suffer a credit downgrade to junk in the short term, but the slow pace of reform illustrated by a logjam over ailing state power firm Eskom poses a serious risk, ratings firm Moody's said on Tuesday.

South Africa's ailing Eskom faces emissions violations, could shut plants

04 Sep 2019

JOHANNESBURG South Africa's cash-strapped power utility Eskom could be forced to shut some plants if it fails to reduce emissions, its chief operating officer warned on Wednesday, raising the specter of further blackouts.

UPDATE 2-South Africa's Q2 growth beats expectations as mining recovers

03 Sep 2019

* Eskom debt weighs on ratings prospects (Adds rand, analysts)

South African unemployment hits 11-year high

30 Jul 2019

PRETORIA South Africa’s unemployment rate jumped to its highest since the global financial crisis more than a decade ago, data showed on Tuesday, piling pressure on a shrinking economy and President Cyril Ramaphosa’s pledge to deliver a turnaround.

UPDATE 2-South Africa cuts rates but strikes cautious tone

18 Jul 2019

* Governor Kganyago recently reappointed (Adds detail, context)

Mercuria, S. African firms place bids for South32's SAEC coal mines

20 Jun 2019

LONDON/JOHANNESBURG, June 20 Seriti Resources and a consortium backed by global energy trader Mercuria are among up to six groups to have submitted final bids for the South African coal assets of South32, four sources familiar with the matter told Reuters.

South African central bank row exposes ANC divisions

05 Jun 2019

JOHANNESBURG A row centring on the South African central bank exposed deep divisions in the governing ANC party on Wednesday, as a faction loyal to President Cyril Ramaphosa opposed calls from a rival group for the bank to do more to boost employment and growth.

South African central bank mandate back in crosshairs after GDP shock

04 Jun 2019

PRETORIA/JOHANNESBURG South Africa's governing party has agreed to expand the central bank's mandate to include employment and growth as well as inflation, a senior party official said on Tuesday, hours after data showed the worst economic contraction in a decade.

South Africa's Ramaphosa retains Mboweni, Gordhan in new, leaner cabinet

30 May 2019

PRETORIA/JOHANNESBURG South Africa's President Cyril Ramaphosa on Wednesday retained Tito Mboweni as finance minister in a new, leaner cabinet, following on from a pre-election pledge to reform and revive an ailing economy and attract foreign investors. | Video

ANC takes commanding lead in South Africa's election but support ebbs

10 May 2019

PRETORIA The African National Congress (ANC) was headed towards victory in South Africa's election on Friday, partial results showed, though the party was on course for its worst performance in a national poll in its 25 years in government. | Video

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