Mfuneko Toyana

Mercuria, S. African firms place bids for South32's SAEC coal mines

20 Jun 2019

LONDON/JOHANNESBURG, June 20 Seriti Resources and a consortium backed by global energy trader Mercuria are among up to six groups to have submitted final bids for the South African coal assets of South32, four sources familiar with the matter told Reuters.

South African central bank row exposes ANC divisions

06 Jun 2019

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.

UPDATE 3-South African central bank row exposes ANC divisions

06 Jun 2019

* Major economic slump adds fuel to the fire (Adds quotes from new governor and ANC officials, context)

South African central bank mandate back in crosshairs after GDP shock

05 Jun 2019

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.

South Africa's Ramaphosa retains Mboweni, Gordhan in new, leaner cabinet

30 May 2019

PRETORIA/JOHANNESBURG South Africa's President Cyril Ramaphosa on Wednesday retained Tito Mboweni as finance minister in a new, leaner cabinet, following on from a pre-election pledge to reform and revive an ailing economy and attract foreign investors. | Video

South Africa's ANC poised for election victory but support ebbs

10 May 2019

PRETORIA The African National Congress (ANC) was headed toward victory in South Africa's election on Friday, though the party was on course for its worst performance since it swept to power a quarter of a century ago.

South Africa's ANC seen winning election but support sliding

08 May 2019

JOHANNESBURG/CAPE TOWN The African National Congress faced its toughest electoral test on Wednesday as it sought to reverse a slide in support from voters frustrated by graft and racial inequalities a generation after it won power in South Africa's first all-race poll. | Video

As elections loom, South Africans call for faster land reform

06 May 2019

JOHANNESBURG, May 6 Surrounded by a crop of wilting sugar beans, Georginah Sidumo rubs red dust off a folder of documents she says are the only proof her farmers' cooperative has the right to work on the land it controls.

ANALYSIS-South Africa's Ramaphosa faces obstacles to reform

06 May 2019

* South African president has pledged reforms if returned to power

UPDATE 1-South Africa says inflation risks balanced as holds rate

28 Mar 2019

PRETORIA, March 28 South Africa's central bank kept its benchmark repo rate unchanged at 6.75 percent on Thursday in a unanimous decision, saying the risks to the inflation outlook were "more or less evenly balanced".

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