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Zuma Says He Has No Plans To Announce Free Education Programme

Zuma  Says He Has No Plans To Announce Free Education Programme

South Africa’s President Jacob Zuma has no plans to announce a programme for free higher education until he reviews the report of a commission studying the feasibility of such a programme, his office said in a statement on Sunday. The rand slipped to a one-year low on Friday amid reports Zuma was preparing to introduce […]

Opposition MPs Walk Out On South Africa’s Zuma Over Corruption

Opposition MPs Walk Out On South Africa’s Zuma Over Corruption

Jacob Zuma told South Africa’s parliament on Thursday he had received no payments from private companies or individuals during his time as president, as opposition lawmakers walked out in protest over the cost to the state of his legal fees. Allegations by government and opposition politicians that the wealthy Gupta family of businessmen used a […]

Zuma May Face Graft Charges After South Africa Court Ruling

Zuma May Face Graft Charges After South Africa Court Ruling

South Africa’s Supreme Court of Appeal opened the way for the reinstatement of criminal charges against President Jacob Zuma by upholding a lower court’s ruling that a decision by prosecutors to scrap them was “irrational.” Zuma’s lawyers conceded in a Sept. 14 hearing at the High Court that the National Prosecuting Authority’s reasoning in dropping […]

South African Minister Calls For ANC To Discipline Zuma

South African Minister Calls For ANC To Discipline Zuma

South Africa’s ruling African National Congress should discipline President Jacob Zuma for bringing the party into disrepute, housing minister and presidential hopeful Lindiwe Sisulu said on Friday. Sisulu’s comments are the latest swipe taken at Zuma by former allies as the ANC fractures ahead of an elective conference in December where a new party leader […]

McKinsey and KPMG Targeted in South Africa Graft Scandal

McKinsey and KPMG Targeted in South Africa Graft Scandal

After helping topple one of Britain’s best known public-relations companies, South African anti-corruption groups are now targeting U.S. consultancy McKinsey & Co. and auditing firm KPMG LLP for doing work for businesses tied to the Gupta family and President Jacob Zuma’s son. The Guptas, originally from India and including brothers Atul, Rajesh and Ajay, moved […]

South Africa’s Rand Weakens Slightly Ahead Of Zuma No-Confidence Vote

South Africa’s Rand Weakens Slightly Ahead Of Zuma No-Confidence Vote

South Africa’s rand drifted lower on early Tuesday, giving back some gains after rallying to its firmest level in a week as some investors bet a no-confidence vote by secret ballot against President Jacob Zuma could see him ousted. At 0650 GMT the rand was 0.13 percent weaker at 13.2375 per dollar compared with an […]

Tempting Stock Selections Emerge From South Africa’s Woes

Tempting Stock Selections Emerge From South Africa’s Woes

South Africa’s economy is producing a steady stream of negative headlines: recession, record unemployment and the weakest manufacturing in eight years. Amid all this bad news, some Johannesburg-traded stocks are beginning to look attractive. Investors seeking value should keep an eye on lenders, diversified industrial companies, healthcare providers and pharmaceuticals, said Feroz Basa, who helps […]

South Africa’s Sisulu Says ANC Must Return To Its Roots, Fight Graft

South Africa’s Sisulu Says ANC Must Return To Its Roots, Fight Graft

South African housing minister Lindiwe Sisulu launched her bid on Saturday to succeed scandal-hit President Jacob Zuma as leader of the African National Congress (ANC) by vowing to help save the ruling party from infighting and corruption. Sisulu, a veteran cabinet minister who comes from a prominent family in the struggle against apartheid, last week […]

South Africa’s ANC to Discipline Member for Speaking Out on Zuma

South Africa’s ANC to Discipline Member for Speaking Out on Zuma

A provincial structure of South Africa’s ruling party is instituting disciplinary measures against a member who has called for President Jacob Zuma to step down and has been receiving death threats from the African National Congress’s Youth League. The public pronouncements by Makhosi Khoza, who is a member of parliament, “represented the worse form of […]

On South Africa’s Mandela Day, ANC MP Denounces “Disgraceful” Zuma

On South Africa’s Mandela Day, ANC MP Denounces “Disgraceful” Zuma

An ANC backbencher branded South African President Jacob Zuma a disgrace on Tuesday, adding one of his own MPs to the long list of detractors of all colours and political stripes who want an end to his eight scandal-plagued years in office. In a breach of party discipline that reveals the depth of anger within […]

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