Alexander Winning

South African opposition wants payment to Ramaphosa campaign fund investigated

19 Nov 2018

JOHANNESBURG South Africa's main opposition party has called for an independent inquiry into a $36,000 payment made to a fund that financed President Cyril Ramaphosa's successful campaign for leader of the African National Congress last year.

Exclusive: Saudi Arabia makes $1 billion bid for partnership with South Africa defence group Denel

08 Nov 2018

JOHANNESBURG Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defence group Denel that would include acquisition of a minority stake in a joint venture with Germany's Rheinmetall, a source familiar with the offer said.

UPDATE 3-Mozambique offers to share gas revenue in "tuna bond" restructuring

06 Nov 2018

* Maputo strikes deal with 4 creditors of Eurobond holder group

South Africa raises $55 billion so far in investment pledges

26 Oct 2018

JOHANNESBURG South African President Cyril Ramaphosa declared himself in economic "repair mode" at a major investment conference on Friday as the country raised a total of $55 billion from investors to help haul itself out of recession.

South Africa should seek damages from KPMG over bank graft - central bank probe

10 Oct 2018

JOHANNESBURG, Oct 10 South Africa should seek damages from global auditor KPMG for the role it played in a corruption scandal that saw at least 1.9 billion rand ($130 million) stolen from local bank VBS, a central bank investigation published on Wednesday said.

South African president's office says 'not aware' of Nene request to be sacked

08 Oct 2018

JOHANNESBURG South Africa's President Cyril Ramaphosa's spokeswoman said on Monday his office was not aware of Finance Minister Nhlanhla Nene's request to be relieved of his duties after he admitted to visiting the Gupta brothers.

UPDATE 2-S.Africa's Ramaphosa announces plan to reduce sky-high unemployment

04 Oct 2018

* Hampered by ANC infighting, fiscal constraints (Adds detail, context)

Goldman forecasts South African economic rebound in 2019

03 Oct 2018

JOHANNESBURG Goldman Sachs expects South Africa's economy to grow almost 3 percent next year, helped by President Cyril Ramaphosa's reforms and strong global growth, the bank's sub-Saharan Africa head told Reuters.

UPDATE 3-Moody's sees little chance of South Africa downgrade

13 Sep 2018

* Says monitoring Oct. budget statement closely (Recasts, adds finance minister quotes on debt, stimulus)

South Africa to probe whether kickback was paid for SAP contract

12 Sep 2018

PRETORIA South Africa's Special Investigating Unit (SIU) will investigate whether a kickback of more than 35 million rand ($2 million) was paid for a state contract with German software firm SAP, a spokeswoman for the unit told Reuters.

World News