Mboweni Under Pressure To Reassure Investors

Dondo Mogajane, director general of the South African National Treasury, left, walks with Tito Mboweni, South Africa's finance minister, center, as he heads to parliament to present his mid-term budget in Cape Town, South Africa, on Wednesday, Oct. 24, 2018. Mboweni’s appointment as South Africa’s finance minister two weeks ago appeased investors, but his first mid-term budget showed the nation’s debt burden is heavier than they previously thought. PICTURE: Waldo Swiegers/Bloomberg

Net debt currently stands at around 2.28 trillion rand ($160 billion), or 48.6 percent of GDP, according to the treasury. South Africa’s Finance Minister Tito Mboweni faces a balancing act ahead of his maiden budget speech on […]

Eskom Will Remain In State Hands – Ramaphosa

South African President Cyril Ramaphosa during his 2019 State of the Nation Address. PICTUREGCIS

CAPE TOWN: There is no single solution to the problems at Eskom, but it will remain 100% state-owned, says President Cyril Ramaphosa.  Eskom in its current form has a number of challenges that need to […]

ANCYL’s Mtsweni Lashes Modern Day Sell-out Lekota

Mtsweni has come out strongly against Cope leader. PICTURE: Mail Images

JOHANNESBURG: ANCYL leader has challenged the bona-fides of Lekota who sold out and left the liberation movement to side with Boers.  This comes after the Cope leader Mosioua Lekota made the claims during the second day […]