DIRS.INFO The most relevant business & tech news

☆ Cyril Ramaphosa: South African president resists calls to resign
▼ + stars: | 2022-12-01 | by ( David Mckenzie | ) edition.cnn.com time to read: +5 min

Johannesburg, South Africa CNN —After days of speculation, South African President Cyril Ramaphosa looks set to fight calls for his resignation despite a damning report that found he could have covered up the theft of hundreds of thousands of dollars at his private game farm. Prior to the release of the report, Ramaphosa was widely expected to win a second term as ANC leader. And will never do so,” he said while addressing members of the ruling African National Congress (ANC) party in June this year. President Ramaphosa most likely did breach a number of Constitutional provisions and has a case to answer. Some allies of former president Zuma are now openly asking for Ramaphosa to step down.

☆ South Africa's economy at a pivotal point as outlook improves but political, energy risks remain
▼ + stars: | 2022-11-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

South Africa's long-awaited economic reforms have begun to improve the country's outlook, but the age-old problems of political uncertainty and a failing power system still pose significant risks. But deep divisions within the ruling African National Congress (ANC) and his own cabinet have made for sluggish progress. However, political frailties and persistent issues at a state-owned utility continue to pose present economic risks. Montana said that in order to secure sustained economic growth, the South African government will need to prioritize energy sustainability. "Energy will require financial assistance from international players, but they will also need to ensure that it doesn't have a negative impact on South African society," he said.

☆ King Charles welcomes South Africa’s Ramaphosa for first state visit
▼ + stars: | 2022-11-22 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

King Charles hosted his first state visit since becoming British monarch on Tuesday, welcoming South African President Cyril Ramaphosa to Buckingham Palace. Charles, 74, rolled out the traditional pomp and ceremony for the first time as head of state, as Britain seeks to bolster its relations with its biggest trading partner in Africa. Ramaphosa is scheduled to visit Westminster Abbey to lay a wreath at the Tomb of the Unknown Warrior and see the memorial stone for former South African President Nelson Mandela. The Prince and Princess of Wales stand with South Africa's President Cyril Ramaphosa (C) at the Corinthia Hotel in London. The last state visit to Britain by a South African leader was that of President Jacob Zuma in 2010 when he was met by Charles and Camilla at the start of the trip.

☆ South African court orders Zuma back to jail after ruling medical parole was unlawful
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

CAPE TOWN, Nov 21 (Reuters) - South Africa's Supreme Court of Appeal ruled on Monday that the decision to release former President Jacob Zuma on early medical parole was "unlawful" and that he should return to prison to finish his sentence for contempt of court. Zuma was released on medical parole in September 2021 after only serving a fraction of the sentence. But in December, the high court set aside the parole decision and ordered him to return to jail. Zuma appealed that ruling and judgement was delivered on Monday after the department of correctional services said in October that his prison sentence has finished. It also found that the decision by the former national commissioner of correctional services to grant Zuma medical parole against the advice of the Medical Parole Advisory Board, a specialist body, was unlawful.

☆ South Africa's Ramaphosa focuses on the poor as he seeks ANC re-election
▼ + stars: | 2022-11-13 | by ( Tim Cocks | ) www.reuters.com time to read: +1 min

Ramaphosa was concluding the African National Congress (ANC) executive committee meeting before an elective conference next month chooses the party's candidate for 2024 national elections. The president faces multiple challengers from within the party, mostly allied to his predecessor Jacob Zuma. Much may depend on whether Ramaphosa is seen as the best candidate to revive the fortunes of the ANC, the popularity of which is at an all-time low. He also pledged to forge ahead with policies to improve the standard of public education and introduce universal health insurance. The ANC's black empowerment initiatives were also mentioned, with Ramaphosa saying the measures need to be more "broad-based".

☆ South Africa's Ramaphosa to give response to graft inquiry
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

CAPE TOWN, Oct 23 (Reuters) - South African president Cyril Ramaphosa on Sunday submits his response to recommendations from a state inquiry into alleged corruption during his predecessor's presidency. A judicial commission of inquiry was established to examine allegations of high-level graft during former president Jacob Zuma's nine years in power from 2009 to 2018. The inquiry found that Zuma had allowed businessmen close to him - brothers Atul, Ajay and Rajesh Gupta - to plunder state resources and influence policy, commonly known as 'state capture' in South Africa. Ramaphosa's written response has not been published, but a presidential statement said he is expected to address the nation on Sunday evening. Register now for FREE unlimited access to Reuters.com RegisterReporting by Wendell Roelf Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Walmart doubles down on Africa despite a decade of frustration
▼ + stars: | 2022-10-21 | by ( Nqobile Dludla | ) www.reuters.com time to read: +8 min

A shopper pushes a trolley as she leaves a Builders Warehouse store owned by Walmart-led Massmart Holdings in South Africa, at Gleneagles, in the south of Johannesburg, South Africa, October 20, 2022. Instead, Massmart's units outside South Africa struggled with foreign exchange risk, tricky regulatory environments and macroeconomic volatility. Earlier this year, an internal Amazon.com Inc (AMZN.O) memo detailing its expansion plans, including a maiden foray onto the continent via South Africa, leaked to media. The pending battle with its global rival looms over Walmart's e-commerce strategy for Massmart, several shareholders told Reuters. While Walmart can now firmly set the direction at its South African unit, its track record outside the United States is spotty.

☆ Un fost președinte de țară s-a predat singur poliției. Merge la închisoare pentru 15 luni
▼ + stars: | 2021-07-08 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Fostul preşedinte sud-african Jacob Zuma, condamnat la 15 luni de închisoare pentru ultraj, s-a prezentat la poliție pentru a ispăşi pedeapsa. Cu doar o jumătate de oră înaintea expirării termenului, un convoi de 10 maşini a părăsit reşedinţa lui Jacob Zuma din Nkandla, în ţinutul Zulu, din estul ţării. Știrea că s-a predat a apărut într-o postare pe Twitter: „Preşedintele Zuma a decis să respecte ordinul de încarcerare. Este în drum spre o unitate de corecţie din provincia Kwazulu-Natal”, a anunțat fundaţia care îl reprezintă, transmite Gandul.ro. Congresul Naţional (ANC) aflat la putere, formaţiune politică în rândul căreia fostul şef de stat are încă susţinători şi care este subminată de lupte interne, a anunțat că nu se va angaja în „ingerinţe politice”.

Persons: Jacob Zuma, Zuma Organizations: Congresul Locations: Nkandla, Zulu, Kwazulu - Natal, Africa de Sud

Search resuls for: "Jacob Zuma"

8 mentions found