JOHANNESBURG A row within South Africa's African National Congress (ANC) about the role of the central bank has unnerved investors and exposed deep divisions in the governing party.
JOHANNESBURG/LONDON A row within South Africa's ruling African National Congress (ANC) party about the role of the country's central bank is unnerving investors because it is being driven by bitter factional battles rather than sober policy debate.
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.
* Major economic slump adds fuel to the fire
(Adds quotes from new governor and ANC officials, context)
JOHANNESBURG President Cyril Ramaphosa's mission to fix two of South Africa's most troubled state companies, power firm Eskom and South African Airways (SAA), could take longer than planned after their chief executives quit within a week of each other. | Video
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.
JOHANNESBURG, June 4 President Cyril Ramaphosa's
mission to fix two of South Africa's most troubled state
companies, power firm Eskom and South African Airways (SAA),
could take longer than planned after their chief executives quit
within a week of each other.
JOHANNESBURG South African President Cyril Ramaphosa said on Wednesday that he would use a new five-year term to speed up economic reforms and fix ailing state power firm Eskom, a week after his African National Congress party was re-elected with a reduced majority.
JOHANNESBURG Thousands of supporters of South Africa's African National Congress (ANC) took to the streets of downtown Johannesburg on Sunday to celebrate victory in last week's election despite a lower share of the vote.
PRETORIA The African National Congress easily won South Africa's general election on Saturday but its share of the vote fell, reflecting anger at corruption scandals and racial inequalities that remain entrenched a generation after the party took power. | Video