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Mfuneko Toyana

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

South Africa's ANC seen winning election but support faltering

08 May 2019

JOHANNESBURG/CAPE TOWN South Africans voting in a national election on Wednesday expressed frustration at rampant corruption, high unemployment and racial inequalities that persist 25 years after the first all-races poll marked the end of white minority rule. | Video

South Africa's Ramaphosa faces obstacles to reform

06 May 2019

JOHANNESBURG Even with a decisive election victory for South Africa’s ruling party this week, the country’s President Cyril Ramaphosa could still struggle to push through the tough reforms needed to galvanise Africa's most developed economy, say analysts and some party insiders.

As elections loom, South Africans call for faster land reform

06 May 2019

JOHANNESBURG, May 6 Surrounded by a crop of wilting sugar beans, Georginah Sidumo rubs red dust off a folder of documents she says are the only proof her farmers' cooperative has the right to work on the land it controls.

UPDATE 1-South Africa says inflation risks balanced as holds rate

28 Mar 2019

PRETORIA, March 28 South Africa's central bank kept its benchmark repo rate unchanged at 6.75 percent on Thursday in a unanimous decision, saying the risks to the inflation outlook were "more or less evenly balanced".

South African court blocks mine union's plan for industry-wide strike

15 Mar 2019

RUSTENBURG, South Africa South Africa's labor court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo American Platinum and Lonmin said on Friday.

UPDATE 2-South African court blocks mine union's plan for industry-wide strike

15 Mar 2019

* Job cuts politically sensitive ahead of May polls (Adds union appealing decision, quote from judge)

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