Nhlanhla

Ramaphosa Reshuffles Cabinet

by

New South African President Cyril Ramaphosa has announced his cabinet, making substantial changes to ministerial positions. He reappointed Nhlanhla Nene as finance minister, reversing his sacking by the former President Jacob Zuma. Mr Zuma, who is facing charges of corruption, was forced to stand down earlier this month by his own party. Mr Ramaphosa took … Read more

S. Africa To Re-Think Nuclear Deal After Junk Status

by

South Africa’s ruling party on Sunday said the government will have to re-think its costly and highly contentious nuclear expansion programme following last week’s relegation of the country’s creditworthiness to junk. Within days of each other the world’s two major rating agencies Fitch and Standard & Poor’s downgraded South African sovereign debt to junk status … Read more