Category: Presidents and Ministers
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President Cyril Ramaphosa’s signing of the controversial Bela Bill
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By Samkele Mchunu South Africa’s Coalition Government Faces Test as President Ramaphosa Signs Controversial Bela Bill South Africa’s Coalition Government Faces New Challenge with Education Reform In a move that could test the resilience of South Africa’s uneasy coalition government, President Cyril Ramaphosa has signed the Basic Education Laws Amendment…
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Inauguration Day Not a Public Holiday, Says Presidency
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By Samkele Mchunu WHO IS THE NEXT PRESIDENT OF SOUTH AFRICA? Pretoria, 18 June 2024 – The Presidency has clarified that Wednesday, 19 June 2024, the day designated for the Presidential Inauguration, will remain a regular working day. President-Elect Cyril Ramaphosa will be inaugurated at the Union Buildings in Pretoria…
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South Korea, African Countries Sign Agreements On Minerals, Exports
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South Korea Forges 50 Deals with African Nations in Landmark Summit In a historic move to bolster economic and industrial cooperation, South Korea has signed nearly 50 deals and agreements with leaders from 48 African countries during its first-ever summit with the continent’s leaders. The agreements span critical sectors such…
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Is South Africa Heading for a Coalition Government as ANC Falls Below 50% for the First Time Since 1994?
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By Samkele Mchunu South African Parties Prepare for Coalition Talks as ANC Faces Historic Fall Below 50% South African political parties are gearing up for coalition discussions following a historic decline in support for the governing African National Congress (ANC). For the first time in 30 years of democracy, the…
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South Africa’s Rand Holds as Attention Turns to Elections and Interest Rate Decision
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By Samkele Mchunu Upcoming Elections and Monetary Policy Decision Pose Significant Implications for Businesses, Economy, and Investment Climate in South Africa South Africa’s rand remained steady early on Monday at the start of a pivotal week characterized by national elections and an impending interest rate decision, alongside numerous economic data…
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China Doubles Down on Africa’s Minerals Amid Renewed Economic Cooperation
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China’s flagship economic cooperation program is rebounding strongly in Africa post-pandemic, as evidenced by a significant uptick in investment and trade data. However, despite the billions committed to new projects and record two-way trade, the relationship remains predominantly extractive, revealing a complex dynamic beneath Beijing’s rhetoric of mutual modernization and…
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Worker Share Ownership Schemes Crucial for Economic Transformation, Says President Ramaphosa
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President Cyril Ramaphosa underscored the importance of worker share ownership schemes in fostering economic transformation and resilience. Delivering the keynote address at the inaugural Worker Share Ownership Conference in Johannesburg, President Ramaphosa highlighted how giving workers a stake in corporate decision-making can boost morale, drive innovation, and build a stronger…
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Emerging Markets Show Signs of Sovereign Credit Rating Reversal
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From Brazil, Nigeria, and Turkey to some of the riskiest emerging markets such as Egypt and Zambia, there is growing evidence that a decade-long deterioration in sovereign credit ratings is finally beginning to reverse. Economists closely monitor sovereign credit ratings because they influence a country’s borrowing costs. Many are now…
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Doctors, businesses and unions get ready for war over the NHI
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Business Unity SA (BUSA) Considers Legal Action Against NHI Bill Signing Business Unity SA (BUSA) is contemplating legal action if President Cyril Ramaphosa proceeds with signing the National Health Insurance (NHI) Bill into law during a planned ceremony at the Union Buildings on Wednesday. This move by BUSA adds to…