SA’s worst-kept secret finally came out into the open on Monday with the confirmation that Herman Mashaba will leave his position as the mayor of Johannesburg and quit the DA. And the timing can’t be worse for the beleaguered party.
Bengaluru — Gold was largely muted on Tuesday, weighed down by buoyant Asian shares that cheered progress in trade talks between the US and China, but found support from a lack of clarity in the negotiation details.
South Africa’s cash-strapped state power firm Eskom said on Monday it had filed court papers in a bid to recover R207 million in connection with contracts it alleged were improperly awarded to Deloitte Consulting in 2016.
When Herman Mashaba announced his resignation as DA councillor and therefore mayor of Johannesburg, it meant that none of the four mayors who took the reins of the four metros the DA governed after the 2016 election - albeit with a little help from their friends in three cases -...
Billions of dollars in bailouts for South Africa’s power utility will probably widen the budget deficit to the biggest since the financial crisis, threatening the nation’s remaining investment-grade credit rating.