Malusi Gigaba 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.

Malusi Gigaba, South Africa's Minister of FinanceMalusi Gigaba, South Africa's Minister of Finance

South Africa Weighs State Internet Company Merger

South Africa is considering a merger of state-owned technology companies Broadband Infraco and Sentech to help to accelerate the rollout of high-speed internet to the population within three years, according to two people familiar with the matter.

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.

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.

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.