African Finance news

Finance

JOHANNESBURG (Reuters) - The head of the South African Revenue Service (SARS) said on Friday relations with his boss, Finance Minister Pravin Gordhan, were strained and some of Gordhan's public comments had damaged the tax agency's…
02.24 / 18:56
thezambezian.com
LUANDA (Reuters) - Angola said on Friday that Portugal's decision to charge its Vice President Manuel Vicente with corruption and money laundering was a "serious attack" that threatened relations between the two…
02.24 / 18:56
thezambezian.com
President Jacob Zuma says 2017 is the year of “taking land back to the people” and the state wants to change legislation to allow for land expropriation without com…
02.24 / 18:55
fin24.com
The Manufacturing Circle hoped for a more overtly jobs-friendly and pro-growth budget, it says in reaction to Finance Minister Pravin Gordhan's 2017…
02.24 / 18:16
fin24.com
The agreement South Africa signed with Russia over nuclear energy is not a commercial agreement, the Western Cape High Court has…
02.24 / 17:02
fin24.com
Price Waterhouse Coopers published rankings of 32 future power economies by 2050. In the report, titled “The long view: how will the global economic order change by 2050?” three African nations, Nigeria, Egypt and South Africa are forecast to be 14th, 15th, and 27th respectively. The report used by macroeconomists takes into account the various…
02.24 / 16:18
medafricatimes.com
from AHMED OBAFEMI in Maiduguri, Nigeria MAIDUGURI, (CAJ News) – THE European Commission has announced additional assistance for the Lake Chad region to the tune of €50 million. This brings to €105 million the organisation has allocated to address the crisis mostly in northeast Nigeria, where the Boko Haram is destabilizing the region. The commission [&#…
02.24 / 16:11
cajnewsafrica.com
OSLO (Reuters) - Aid agencies must get food to close to 3 million people by July to avert a famine in Africa's Lake Chad region caused by drought, chronic poverty and Islamist insurgents Boko Haram, the United Nations said on Friday as it launched a funding…
02.24 / 14:17
thezambezian.com
The main challenge to fiscal consolidation in SA comes from factional tensions in the ANC diverting political energy from economic reform, says a ratings…
02.24 / 14:15
fin24.com
Minister of Finance, Pravin Gordhan said very little about the energy sector in his recent budget speech, but there's a great deal to take heart…
02.24 / 14:15
fin24.com
However, the newly announced fuel taxes will take effect from April, 1, 2017 leaving motorists to pay an extra 39 cents a…
02.24 / 13:35
mzansilife.co.za
DAKAR (Reuters) - Funds from a dollar bank account in the name of the Jammeh Foundation for Peace, a charity founded by Gambia's former president Yahya Jammeh, flowed to Jammeh himself, not to foundation projects, according to bank records and interviews with a former charity official and a former presidential staff…
02.24 / 13:34
thezambezian.com
SARS Commissioner Tom Moyane says President Jacob Zuma is willing to intervene in his “strained” relationship with Finance Minister Pravin Gor…
02.24 / 13:32
fin24.com
JOHANNESBURG (Reuters) - South Africa will amend its laws to allow expropriation of land without compensation for owners as it tries to speed up the redistribution of land to its black majority, President Jacob Zuma said on…
02.24 / 12:14
thezambezian.com
The Department of Energy has announced that the pump price of both grades of petrol will decrease from next…
02.24 / 12:12
fin24.com
PRETORIA (Reuters) - South African police fired tear gas, water cannon and rubber bullets to disperse rival marches by hundreds of citizens and non-nationals in the capital on Friday, following looting this week of stores believed to belong to…
02.24 / 11:25
thezambezian.com
With only VAT really left in the fiscal cupboard, the fiscus’ ability to take future further shocks look somewhat threadbare, says an emerging market e…
02.24 / 11:23
fin24.com
Letters between Finance Minister Pravin Gordhan and South African Revenue Service commissioner Tom Moyane indicate an acrimonious relationship, according to the Mail &…
02.24 / 09:55
fin24.com
KAMPALA (Reuters) - Uganda is holding dozens of fighters from the M23 rebel group who fled the Democratic Republic of Congo after clashing with troops there this week, the Ugandan military said on…
02.24 / 09:17
thezambezian.com
Rand strength, and a retreat of international petroleum prices, have combined to produce a surprise drop in fuel prices at the end of February, according to the…
02.24 / 08:37
fin24.com