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South African Court Dismisses Gigaba’s Appeal

South African Court Dismisses Gigaba’s Appeal

South Africa’s highest court dismissed an application by Home Affairs Minister Malusi Gigaba to appeal against a High Court ruling that he lied under oath when testifying in a case filed by a company controlled by the billionaire Oppenheimer family.  Fireblade Aviation filed a lawsuit alleging Gigaba had reneged on a pledge to grant it […]

Zuma Budget Hole Leaves South Africa With Tough Tax Choices

Zuma Budget Hole Leaves South Africa With Tough Tax Choices

South Africa may have a new finance minister soon following the replacement of its president, but whoever replaces Malusi Gigaba will still face a 50.8 billion-rand ($4.4 billion) hole in the nation’s finances. With growth in Africa’s most-industrialized economy lagging that of peers after its second recession in less than a decade, tax collections have […]