South African President Jacob Zuma said the government must push for increased black ownership of the continent’s biggest economy, signaling his policy focus as he prepares for a second term in office.
South African Finance Minister Pravin Gordhan aimed to appease investors and voters ahead of May 7 elections as he stuck to spending limits to reduce his budget deficit targets while trimming personal tax.
South African Finance Minister Pravin Gordhan cut his budget-deficit targets for the next three years as a weaker rand boosts tax revenue from exporters and the government pledges to stick to spending limits.
Sprawled on a faded black two-seater couch covered with cigarette burns, Eva Matthys, 72, is instructing her 13-year-old granddaughter on how to cook minced lamb -- for 12. That’s how many family members share the government-subsidized house in Brandvlei, a town in South Africa’s Northern Cape province.
The Public Investment Corp., South Africa’s biggest fund manager, said its $270 million investment in Camac Energy Inc. has already delivered returns as the oil explorer started trading in Johannesburg.
South Africa’s main opposition party is turning to a 33-year-old former resident of the township of Soweto to help it challenge the ruling African National Congress in the nation’s richest province, Gauteng.