Jacob Zuma News

Sim Tshabalala, CEO, Standard Bank Group

Africa's Biggest Bank Names Tshabalala as First Sole Black CEO

Standard Bank is now only South African lender with black CEO. Kruger will remain an executive director of the bank.

Jacob Zuma wants his ex-wife Nkosazana Dlamini-Zuma to succeed him as party leader

Can Nkosazana Dlamini-Zuma succeed her ex-husband as South Africa's president?

South Africa’s President Jacob Zuma is keen to hand over the reins of power to the mother of his children.

Jacob Zuma, President of South Africa

South Africa falls into second recession in a decade

South Africa has fallen into recession for the first time in eight years after economic growth shrank by 0.7% between January and March.

Christoffel Wiese is a South African businessman and billionaire who built Shoprite Holdings Ltd., a supermarket retailer, from the ground up. Credit: Waldo Swiegers/Bloomberg/Getty Images/The Africa Report

Monopoly Money: The successes and failures of South African billionaire Christoffel Wiese

One of South Africa’s richest business leaders talks about his commercial successes and failures, the debates about race and economics in South Africa and his criticism of the government.

Mmusi Maimane, Leader of South Africa's Democratic Alliance (DA)

South African opposition leader says coalition will beat ANC in 2019

The leader of South Africa’s opposition Democratic Alliance, Mmusi Maimane, said on Friday it could win the 2019 election with the help of other parties as the African National Congress becomes increasingly divided under President Jacob Zuma.

Malusi Gigaba, Minister of Finance, South Africa

'No chance in hell' opposition will remove Zuma, Finance Minister says (Video)

South Africa finance minister says only ANC can decide on Zuma. Opposition parties have called for no-confidence motion.

Shoprite

Africa growth to rebound in 2017: Africa Capital Group (Infographic)

After the U.S. election in November, many Africa investors became concerned that a move toward a more isolationist trade policy in the U.S. would hinder business, trade and capital flows to and from Africa.

Johannesburg Stock Exchange

The Case for Bargain Hunting in South Africa

Charles Roth, of Thornburg Investment Management, has made the case that markets have over-reacted to the recent political shake-up in South Africa, driving asset prices below their underlying value.

Jacob Zuma, President of South Africa

South African Stocks Poised for Long-Term Gains Despite Zuma's Maneuverings: Ryan Hoover, Portfolio Manager, Africa Capital Group

Late last month, South Africa’s increasingly unpopular president, Jacob Zuma, unceremoniously sacked his well-regarded Finance Minister, Pravin Gordhan.

Zuma has survived several no-confidence votes in recent years. Credit: Rogan Ward/Reuters/Al Jazeera

S&P downgrades South Africa's credit rating to junk

Credit rating agency Standard and Poor’s (S&P) has downgraded South Africa’s rating to junk status.

President Jacob Zuma is coming under increasing pressure to step down

South Africa unions to Zuma: Time to go

South Africa’s powerful trades union federation Cosatu has called for President Jacob Zuma to step down.

Pravi Gordhan, South Africa's former Finance Minister

South Africa's President Zuma sacks Finance Minister Pravin Gordhan in major cabinet reshuffle

Major cabinet reshuffle comes as calls for South African president to quit grow.

South Africa’s former Finance Minister Pravin Gordhan (Centre) arrives at the parliament to deliver the annual budget speech in Cape Town, South Africa in February. The minister was replaced by President Jacob Zuma on March 31, 2017, as part of a cabinet shuffle that changed 10 of the country’s 35 ministers. Credit: Schalk van Zuydam/AP/The National

South Africa's President changes 10 of the country's 35 ministers in cabinet shuffle

South African president Jacob Zuma faced a widening public backlash from senior members of the ruling African National Congress including his deputy, Cyril Ramaphosa.

In front: South Africa's President Jacob Zuma (L) and AU Chair Nkosazana Dlamini-Zuma (R)

It's time South Africa tuned into Africa's views about its role on the continent

South Africa has variously styled itself as a “bridge” between the North, the global South and Africa as well as a “gateway” into the continent.

Nkosazana Dlamini-Zuma, Chair, African Union

Jacob Zuma says South Africa's ruling ANC is ready for female leader

President gives huge boost to leadership ambitions of his ex-wife Nkosazana Dlamini-Zuma with comments about his party’s succession.

Nkosazana Dlamini-Zuma, Chair, African Union

Zuma's ex-wife given boost in South Africa leadership race

The chances of South African President Jacob Zuma’s ex-wife, Nkosazana Dlamini-Zuma, becoming the next leader of the African National Congress were given a boost on Saturday with the endorsement of the ruling party’s women’s division.

South Africa's Deputy President Cyril Ramaphosa (L) and President Jacob Zuma listen to the national anthem at the opening of Parliament in Cape Town, South Africa February 11, 2016. Credit: Yahoo/Reuters/Mike Hutchings

South Africa's biggest union group backs Ramaphosa to succeed Zuma

Deputy President Cyril Ramaphosa saw his chances of becoming South Africa’s next leader increase on Thursday.

Cyril Ramaphosa, Deputy President of South Africa

South African union backs unionist-turned-tycoon Ramaphosa as next President

South Africa‘s Deputy President Cyril Ramaphosa saw his chances of becoming the country’s next leader increase on Monday when the powerful mining union he helped found before he made a fortune in business backed him to succeed President Jacob Zuma.

Nhlanhla Nene, South Africa's former Minister of Finance

South Africa's former Minister of Finance Nhlanhla Nene appointed as Advisor at Thebe Investment

Former finance minister Nhlanhla Nene has been appointed as an advisor at Thebe Investment Corporation to help roll-out the firm’s growth plan, his second private sector job in a week.

Shameel Joosub CEO, Vodacom

Vodafone unit mulls bid for South Africa state internet company

Vodafone Group Plc’s South African unit is considering a bid for unprofitable state-owned Internet company Broadband Infraco, as the government works toward the privatization of some assets to boost the country’s finances.

Nkosazana Dlamini-Zuma, Chair, African Union

Will AU Chair Dlamini-Zuma be South Africa's next President?

African Union Commission chairperson Nkosazana Dlamini-Zuma says she will step down at the end of July, fuelling speculation that she will run for president in her native South Africa in elections slated for 2019.

South Africa considers merging South African Airways and SA Express

South Africa considers merging South African Airways and SA Express

South Africa will explore merging two of its state-owned airlines, South African Airways (SAA) and SA Express, and seek a minority equity partner for the company, Finance Minister Pravin Gordhan said on Wednesday.

Lagos, Nigeria

Economists share their 2016 outlook for Nigeria, Kenya and South Africa

These are the global economic realities that will continue to shape African markets in 2016. Strong US dollar. Low oil and commodity prices. Slowing Chinese growth.

Jes Staley, CEO, Barclays

Why Barclays Needs Africa

Chapter one in the manual given to all new bank CEOs directs them to survey every business line, looking for fat that can be trimmed and capital that can be reallocated.

Nkosazana Dlamini-Zuma, Chair, African Union

South Africa's first female president could be president Zuma's ex-wife

The race for South Africa’s top job is heating up.

Jacob Zuma, President of South Africa

South Africa plans to leave International Criminal Court

South Africa plans to leave the International Criminal Court (ICC), a deputy minister said on Sunday, as the government faces criticism for ignoring a court order to arrest Sudan’s president earlier this year.

Mac Maharaj in Durban, June 2015

Full transcript: FT interview with Mac Maharaj on Mandela, Zuma and South Africa

The following is a transcript of a wide-ranging interview between Alec Russell, News Editor of the Financial Times, and Mac Maharaj, former confidant of Nelson Mandela and until recently the spin-doctor of President Jacob Zuma.

South African President Jacob Zuma (L) and Russian President Vladimir Putin

South Africa and Russia sign agreements on nuclear power cooperation at BRICS meeting

South Africa and Russia signed two memoranda of understanding on nuclear power cooperation on Wednesday, part of efforts by Africa’s most advanced economy to lessen its reliance on coal and overcome power shortages that threaten economic growth.

The BRICS leaders: President Vladimir Putin (L), Prime Minister Narendra Modi (2L), President Dilma Rousseff, President Xi Jinping (2R), and President Jacob Zuma (R)

South Africa in the BRICS - A brave new world

Will the BRICS group and its New Development Bank (NDB), founded in 2014, challenge the West-led international order enforced by the financial institutions of the World Bank and the IMF?

President Vladimir Putin (L), Prime Minister Narendra Modi (2L), President Dilma Rousseff, President Xi Jinping (2R), and President Jacob Zuma (R) pose at the 6th BRICS summit in Fortaleza, Brazil on July 15, 2014 (AFP Photo/Nelson Almeida)

BRICS New Development Bank (NDB) to be operational by end of 2015, says South Africa's Ministry of Finance

The emerging market BRICS nations will have their own development bank by the end of the year, South Africa said Friday.

South Africa is creating one of the world's most progressive alternative energy plans

South Africa is creating one of the world's most progressive alternative energy plans

The howling wind drives the turbines, their blades bent back from the force as they spin in the evening light and send electricity to local villages in South Africa’s Eastern Cape.

Nigeria's new president, Muhammadu Buhari. Photo: Rahima Gambo/qz.com

Muhammadu Buhari sworn in as Nigeria's President (Video)

Nigeria’s new President was sworn in Friday at a boisterous ceremony that marked the first peaceful transfer of power between rival parties in the nation.

Mmusi Maimane, recently elected Party Leader of South Africa's Democratic Alliance (DA)

South Africa's opposition Democratic Alliance (DA) elects Mmusi Maimane as first black leader

South Africa’s main opposition party, the Democratic Alliance (DA), has elected its first black leader, a move the party hopes will widen its appeal. Mmusi Maimane, 34, was clear favourite to succeed outgoing leader Helen Zille.

Mmusi Maimane, Leader of the Opposition (Democratic Alliance) in South Africa's National Assembly

Could Mmusi Maimane become the first black leader of South Africa's opposition Democratic Alliance (DA)?

South Africa‘s official opposition, the Democratic Alliance (DA) party, is expected to elect its first black leader at a congress starting Saturday, May 9th. The election of a black leader of the DA would be a watershed moment for the predominantly white party.

Helen Zille, Leader of South Africa's Democratic Alliance (DA) and Premier of the Western Cape

South Africa's opposition leader Helen Zille steps down

South Africa’s opposition leader Helen Zille announced Sunday she would step down from her position at the party congress next month.

South African Trevor Noah to replace Jon Stewart on The Daily Show

South African Trevor Noah to replace Jon Stewart on The Daily Show

South African comedian Trevor Noah is to replace Jon Stewart on The Daily Show, the New York Times reports.

Kuben Naidoo has been named Deputy Governor of the South African Reserve Bank effective April 1st, 2014.

Kuben Naidoo named Deputy Governor of South African Reserve Bank

South African President Jacob Zuma appointed Kuben Naidoo, an adviser to Reserve Bank Governor Lesetja Kganyago, as deputy of the central bank from April 1.

Jacob Zuma, President of South Africa

Why South Africa's president is right and wrong to blame apartheid for power cuts in 2015

South Africa may be entering its fifth consecutive month of power outages but that hasn’t put President Jacob Zuma above buck-passing.

President Jacob Zuma's government is under pressure to put more land in the hands of South Africa's black majority

South Africa's Jacob Zuma outlines land reform plans

Foreigners will be banned from owning land in South Africa under new proposals outlined by President Jacob Zuma. Foreigners will only be allowed to lease land, he said.

South African cadets relax ahead of celebrations for 20th anniversary of Freedom day, which marks the end of Apartheid, in Pretoria on April 27, 2014 (AFP Photo/Marco Longari)

Race relations at a crossroads in Mandela's South Africa

As a country that emerged from years of racial segregation, South Africa is often lauded for its reconciliation efforts, but cracks in the foundation of Nelson Mandela’s “Rainbow Nation” are starting to show.

Vladimir Putin (Left) and Jacob Zuma, presidents of Russia and South Africa, respectively

Geopolitics Key to South Africa's $100 Billion Nuclear Plan

Politics may tip the balance as Russia’s Rosatom Corp. and France’s Areva SA (AREVA) prepare to battle it out for South Africa’s planned nuclear-energy project that could cost $100 billion.

Nuclear plant

South Africa and China sign nuclear energy pact

China and South Africa sealed three nuclear pacts, as a contest intensifies for contracts to build new atomic plants in the continent’s second-largest economy.