DIRS.INFO The most relevant business & tech news

☆ Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York
▼ + stars: | 2024-11-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. India's Adani Group saw shares of its companies plunge Thursday after its billionaire chairman Gautam Adani was indicted in a New York federal court over his alleged involvement in an extensive bribery and fraud operation. The Indian group's flagship firm Adani Enterprises fell 10%, while the company in the eye of the storm Adani Green Energy tanked 17.28%. Adani Energy fell 20%. Adani Power lost 13.81%, Adani Port's share price dropped 10%, while the group's retail arm Adani Wilmar shed 7.87%.

Persons: India's, Gautam Adani, Adani, Sagar Adani, Ranjit Gupta, Rupesh Agarwal, Saurabh Agarwal, Cyril Cabanes, Deepak Malhotra, CDPQ, shortseller, Hindenburg, Raymond James ', Matt Orton Organizations: Adani Defence, Aerospace, Aero, Air Force, India's Adani, Adani Enterprises, Energy, Adani Energy, Adani Power, NSE, Adani Green Energy, Power, Quebec, U.S, Hindenburg Research, CNBC Locations: Bengaluru, India, New York, U.S, Brooklyn

☆ Billionaire Gautam Adani indicted in New York on bribery charges
▼ + stars: | 2024-11-20 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Indian billionaire Gautam Adani and other executives were indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice said Wednesday. Authorities said Adani and seven other senior business executives, including his nephew Sagar Adani, promised more than $250 million in bribes to Indian government officials to secure solar energy contracts. Worth more than $85 billion, Adani is Asia’s second-richest person behind countryman Mukesh Ambani, according to Bloomberg’s Billionaires Index. The solar energy supply contracts were projected to raise more than $2 billion in profits after tax over an approximately 20-year period. The defendants frequently met and discussed the bribery scheme, including evidence on several phones.

Persons: Gautam Adani, Adani, Sagar Adani, ”, Lisa Miller, Worth, Mukesh Ambani, Cyril Cabanes, Adani Green, Jeff Bezos –, Hindenburg, Narendra Modi, CNN’s Diksha Madhok Organizations: New, New York CNN, US Department of Justice, Authorities, Adani Group, Indian, DOJ, Securities and Exchange Commission, Adani Green Energy Ltd, Power, SEC, Hindenburg, Bloomberg, Adani Enterprises, CNN Locations: New York

☆ Billionaire Gautam Adani charged in New York with massive fraud, bribery
▼ + stars: | 2024-11-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Gautam Adani, chair of India's Adani Group and one of the world's richest people, was indicted with others on bribery and fraud charges unsealed Wednesday in federal court in New York. Andani and other defendants are accused of bribing Indian government officials more than $250 million in bribes to obtain solar energy supply contracts worth more than $2 billion in profits. The five-count indictment in U.S. District Court in Brooklyn also charged Ranjit Gupta and Rupash Agarwal, former executives in the renewable-energy company Azure Power, and three former employees of the Canadian institutional investor Caisse de Depot et Placement du Quebec: Cyril Cabanes, Saurabh Agarwal and Deepak Malhotra. Those defendants are accused of conspiracy to violate the Foreign Corrupt Practices Act in connection with the bribery scheme by Adani and the others at the energy company. Cabanes, Saurabh Agarwal, Malhotra and Rupash Agarwal are also accused of conspiring to obstruct criminal and Securities and Exchange Commission investigations into the bribery scheme.

Persons: Gautam Adani, India's, Sagar Adani, Ranjit Gupta, Rupash Agarwal, Cyril Cabanes, Saurabh Agarwal, Deepak Malhotra, Malhotra Organizations: Green Energy, Power, Quebec, Securities, Exchange Locations: New York, U.S, Brooklyn

☆ BRICS: The West wants Putin isolated. A major summit he’s hosting shows he’s far from alone
▼ + stars: | 2024-10-21 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Brazilian President Luiz Inacio Lula da Silva was expected to join but canceled his trip after suffering an injury at home. “This BRICS summit is really a gift (for Putin),” said Alex Gabuev, director of the Carnegie Russia Eurasia Center in Berlin. Russian President Vladimir Putin, Chinese leader Xi Jinping, then-Brazilian President Jair Bolsonaro, South African President Cyril Ramaphosa and Indian Prime Minister Narendra Modi pose as they arrive for the BRICS summit in Brasilia in November 2019. While BRICS is primarily geared toward economic collaboration, its meeting last year took place in the shadow of the war in Ukraine. The gathering in Kazan also gives Putin ample opportunity for one-on-one facetime with his fellow BRICS leaders and other friendly dignitaries in attendance.

Persons: Vladimir Putin, –, Xi, India’s Narendra Modi, Iran’s Masoud, Cyril Ramaphosa, Recep Tayyip Erdogan, Luiz Inacio Lula da Silva, Putin –, Xi –, Putin, BRICS, Donald Trump, ”, Alex Gabuev, …, BRICS “, ” Gabuev, Xi Jinping, Jair Bolsonaro, Narendra Modi, Adriano Machado, Mahmoud Abbas, Israel –, Jonathan Fulton, Volodymyr Zelensky, Yevhen Titov, they’ll, Manoj Kewalramani Organizations: CNN, Carnegie Russia Eurasia Center, Indian, Reuters, International, Israel, Atlantic Council, United Nations General Assembly, US, New Development Bank, World Bank, International Monetary Fund, BRICS, Kremlin, Takshashila Locations: Ukraine, Moscow, Russian, Kazan, Brazil, Russia, India, China, South Africa, Egypt, United Arab Emirates, Ethiopia, Iran, Beijing, Tehran, United States, Berlin, Brasilia, Johannesburg, Israel, Gaza, Hezbollah, Lebanon, Abu Dhabi, “, Gabuev, BRICS, Kharkiv, Indian, Bangalore

☆ South Africa seeing fruit of reforms, former presidential advisor says
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Africa seeing fruit of reforms, former presidential advisor saysTrudi Makhaya, former chief economic advisor to South African President Cyril Ramaphosa, says economic sentiment is rising in the country, but that further investment is needed to lower energy prices.

Persons: Trudi Makhaya, Cyril Ramaphosa Organizations: South Locations: Africa

☆ Paris Fashion Week: The best celebrity looks
▼ + stars: | 2024-09-27 | by ( Leah Dolan | ) edition.cnn.com time to read: +2 min

Pascal Le Segretain/Getty ImagesKylie Jenner at Schiaparelli. Neil Mockford/GC Images/Getty ImagesRob Lowe. Pascal Le Segretain/Getty ImagesNicole Richie at Saint Laurent. Pascal Le Segretain/Getty ImagesGwyneth Paltrow. Neil Mockford/GC Images/Getty Images

Persons: Kendall Jenner, Bella Hadid, Miu Miu, Louis Vuitton, Here’s who’s, Daniel Craig, Rachel Weisz, Loewe, Stephane Cardinale, Corbis, Kloss, Jacopo Raule, Jeff Goldblum, Emilie Livingston, Pascal Le Segretain, Kylie Jenner, Scott A, Willow Smith, Lila Moss, Neil Mockford, Rob Lowe, Sienna Miller, Laurent Vu, Bauer, Griffin, Anya Taylor, Joy, Natalie Portman, Christian Dior, Swan, Lauren Hutton, Saint Laurent, Marechal Aurore, Cyril Pecquenard, USA Cole Sprouse, Kelly Rutherford, Abdul Saboor, Jennifer Garner, Kate Moss, Zoë Kravitz, Saint, Aitor Rosas Sune, WWD, Juliette Lewis, Nicole Richie, Gwyneth Paltrow Organizations: CNN, Paris, Callaway, Balmain, Getty, Christian, Abaca, Dior, Saint Locations: Schiaparelli, Chloé, Saint Laurent

☆ China's Xi pledges over $50 billion in financial aid to Africa to deepen ties
▼ + stars: | 2024-09-05 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

China's President Xi Jinping (C) and his wife Peng Liyuan pose for a group photograph with leaders from African nations ahead of a dinner reception during the Forum on China-Africa Cooperation (FOCAC) at the Great Hall of the People in Beijing on September 4, 2024. Chinese President Xi Jinping said Thursday that China will provide 360 billion yuan (more than $50 billion) in financial support to Africa over the next three years. Xi spoke on the second day of the ninth Forum on China-Africa Cooperation Summit, which is expected to deliver new policies and cooperation agreements that will set the stage for China-Africa relations in the next three years. "The China-Africa relationship is now at its best in history," Xi said, according to an official translation of his Mandarin-language remarks. "China is ready to deepen cooperation with Africa in industry, agriculture, infrastructure, trade and investment," Xi said, urging both sides to jointly advance modernization that is "open and win-win."

Persons: Xi Jinping, Peng Liyuan, Xi, Cyril Ramaphosa, William Ruto — Organizations: Africa Cooperation, of, People, Africa Cooperation Summit, West Locations: African, China, Beijing, Africa, South

☆ Nights in Las Vegas Are Becoming Dangerously Hot
▼ + stars: | 2024-08-11 | by ( Ronda Kaysen | Aatish Bhatia | ) www.nytimes.com time to read: +12 min

This June and July, nights in Las Vegas stayed above 79 degrees for all but seven days. And hot nights are something more people are experiencing: No American major metro area has grown as much as Las Vegas has over the last three decades. Even after the sun set in Las Vegas in June and July, temperatures routinely remained in the 80s and 90s. Populations have doubled or more over a generation, with the number of abnormally hot nights rising at similar rates. A growing dangerLas Vegas metro 1984 Urban Core This was the Las Vegas metro in 1984.

Persons: ”, Matt Woods, —, Bridget Bennett, Ariel Choinard, “ You’re, Ms, Choinard, Anita Swogger, Tristan, Chima Cyril Hampo, Mr, Swogger, Tollis, Yanci, Yanci Hill, Steffen Lehmann, Blanca Solis, Solis, Richard Kettler, Solis’s, “ Organizations: Vegas, Las Vegas, National Weather Service, The New York Times, Southern, Resilience, Desert Research Institute, Southern Nevada Health, Duke University, U.S ., Atlanta, National Weather, Major metros, Las, Regional Transportation Commission, Drexel University, Weather Service, University of Nevada Locations: United States, Las Vegas, Vegas, Southern Nevada, Clark County, Austin , Texas, Raleigh, N.C, Orlando, Fla, Austin, Phoenix, … Las Vegas Austin , Texas Raleigh, Phoenix Atlanta, Nevada, Arizona, East Las Vegas, Asia, Henderson, Stewart, Las

☆ For South Africa’s Cabinet, Bigger May Not Mean Better
▼ + stars: | 2024-07-01 | by ( John Eligon | ) www.nytimes.com time to read: +1 min

After South Africa’s president announced the largest cabinet in the nation’s democratic history on Sunday, some critics were questioning whether the attempt to pacify diverse political interests would complicate efforts to tackle the country’s myriad economic and social problems. President Cyril Ramaphosa had for years promised to shrink the size of government — partly because of demands by the public and political opponents. He increased the number of cabinet ministers to 32 from 30, and the number of deputy ministers to 43 from 36. The combined 75 ministers and deputy ministers is the most in any administration since the first democratic election in 1994. “So every political party had a thorough critique of an unnecessarily bloated cabinet up until the choice was between a bloated executive or their party member not receiving” a position, Moshibudi Motimele, a political studies lecturer at the University of the Free State in South Africa, wrote on social media.

Persons: Cyril Ramaphosa, Moshibudi Organizations: South, African National Congress, University of the Free State Locations: South Africa

☆ As President Takes Oath, 4 Challenges for South Africa’s New Government
▼ + stars: | 2024-06-19 | by ( John Eligon | ) www.nytimes.com time to read: +1 min

President Cyril Ramaphosa of South Africa is scheduled to be sworn in on Wednesday for a second term, launching an administration that will be unlike any the country has experienced since apartheid ended in 1994. Mr. Ramaphosa has touted a new era of unity and collaboration. The partnership includes the second-largest party, the Democratic Alliance, which got 22 percent of the vote and has long positioned itself as the fiercest of the A.N.C.’s critics. The three other parties that have joined the coalition each won less than 4 percent of the vote: the Inkatha Freedom Party, the Patriotic Alliance and GOOD. A statement of basic principles — for what the parties are calling a “government of national unity” — signed by the five coalition partners includes their policy priorities.

Persons: Cyril Ramaphosa of, —, Ramaphosa, ’, ” — Organizations: African National Congress, Democratic Alliance, Freedom Party, Patriotic Alliance Locations: Cyril Ramaphosa of South Africa

☆ How the season 3 finale of 'Bridgerton' addresses one of the most scandalous storylines from 'Queen Charlotte'
▼ + stars: | 2024-06-17 | by ( Olivia Singh | ) www.businessinsider.com time to read: +7 min

The season three finale of "Bridgerton" addresses one of the biggest unresolved storylines from the prequel spin-off "Queen Charlotte" involving Lady Agatha Danbury (Adjoa Andoh) and Violet Bridgerton (Ruth Gemmell) — and the result is a heartwarming scene that solidifies their friendship. Here's how the season three finale provides a satisfying resolution for Lady Danbury and Violet. AdvertisementIn 'Queen Charlotte: A Bridgerton Story,' young Lady Danbury has an affair with Violet's dad, Lord LedgerArsema Thomas as young Lady Agatha Danbury and Keir Charles as Lord Ledger in season one, episode five of "Bridgerton." Lady Danbury and Violet Bridgerton acknowledge the affair in the season 3 finale of 'Bridgerton,' but harbor no hostilityAdjoa Andoh as Lady Danbury and Ruth Gemmell as Violet Bridgerton in the season three finale of "Bridgerton." AdvertisementAll episodes of "Bridgerton" season three are streaming on Netflix.

Persons: —, Charlotte, Lady Agatha Danbury, Violet Bridgerton, Ruth Gemmell, Colin Bridgerton, Luke Newton, Penelope Featherington's, Nicola Coughlan, Lord Marcus Anderson, Daniel Francis ), Lady Danbury's, Danbury's, Violet, Marcus, Lady Danbury, Violet's, Ledger Arsema Thomas, Keir Charles, Lord, Queen, King George III, Corey Mylchreest, Lord Danbury, Cyril Nri, Lord Ledger, Danbury, Lord Danbury's, coy, Andoh, it's, Lady, Ledger's, Queen Charlotte, It's, you've, Adjoa Andoh, Liam Daniel, Netflix Marcus, she's, he's, Gemmell Organizations: Service, Business, Netflix, Cyril, Lord, Danbury, Lady Danbury, Lord Danbury Locations: Adjoa, Violet, Queen Charlotte, India, Queen

☆ South Africa's Ramaphosa re-elected as ANC strikes coalition deal
▼ + stars: | 2024-06-15 | by ( ) www.cnbc.com time to read: +2 min

President of the African National Congress (ANC) Cyril Ramaphosa (C) gestures after he was announced president after members of parliament voted during the first sitting of the New South African Parliament in Cape Town on June 14, 2024. The African National Congress and its largest rival, the white-led, pro-business Democratic Alliance, agreed on Friday to work together in South Africa's new government of national unity, a step change after 30 years of ANC rule. Once unthinkable, the accord allowed President Cyril Ramaphosa to win a second term in office. The deal between two sharply antagonistic parties is the most momentous political shift in South Africa since Nelson Mandela led the ANC to victory in the 1994 election that marked the end of apartheid. The National Assembly had earlier elected a DA lawmaker as deputy speaker, after choosing an ANC politician as speaker - the first concrete instance of power sharing between the two parties.

Persons: Cyril Ramaphosa, Nelson Mandela, John Steenhuisen, Long Organizations: African National Congress, New, Democratic Alliance, ANC, National Assembly Locations: African, Cape Town, South, South Africa

☆ South Africa’s governing alliance emerges as the new parliament convenes
▼ + stars: | 2024-06-14 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Reuters —The African National Congress has agreed to form a government of national unity for South Africa with three other parties including its largest rival, the pro-business Democratic Alliance, public broadcaster SABC reported on Friday. The SABC report came as the newly elected parliament was convening for the first time and lawmakers were in the process of being sworn in. The chamber will later elect its speaker, deputy speaker and the country’s president. SABC said the unity government would include the ANC, the DA, the socially conservative Inkatha Freedom Party and the right-wing Patriotic Alliance. The session was taking place in a Cape Town convention centre as the parliament complex was damaged by fire in 2022.

Persons: ”, Sihle Zikalala, John Steenhuisen, Cyril Ramaphosa, Raymond Zondo, Helen Zille, Ramaphosa, “, Jacob Zuma Organizations: Reuters, African National Congress, Democratic Alliance, SABC, ANC, DA, Freedom Party, Patriotic Alliance, National Assembly, Fighters, Party, IFP, The Patriotic Alliance, Capital Economics, EFF, MK, ”, Economics Locations: South Africa, Cape Town, London, policymaking

☆ South Africa Moves Closer to Electing a Leader, but Unity Is Elusive
▼ + stars: | 2024-06-14 | by ( John Eligon | Lynsey Chutel | ) www.nytimes.com time to read: 1 min

Entering a new era of unpredictable politics, South Africa’s newly elected Parliament convened for the first time on Friday as lawmakers prepared to elect the country’s next president after national elections last month. The long-governing African National Congress, which failed to secure an absolute majority for the first time since it came to power after the end of apartheid, was expected to form a delicate alliance with rival parties, clearing the way for Cyril Ramaphosa to be elected president for a second term. But the two weeks after the election have been marked by turbulent negotiations between the A.N.C., which Mr. Ramaphosa leads, and rival political parties. The process has exposed deep fissures within the A.N.C. and in the broader society, and in a telling development, Parliament opened without any kind of formal announcement about a coalition agreement.

Persons: Cyril Ramaphosa, Ramaphosa Organizations: African National Congress Locations: South

☆ South Africa’s President Announces Plan to Form National Unity Government
▼ + stars: | 2024-06-06 | by ( Lynsey Chutel | ) www.nytimes.com time to read: +1 min

Days after his African National Congress party faced historic losses at the polls, President Cyril Ramaphosa of South Africa said on Thursday that he will seek to form a government that includes a wide range of parties, some with starkly opposing views. since the fall of apartheid, South Africa has been in limbo since the watershed election on May 29 when voters punished the ruling party for failing to address issues like skyrocketing unemployment, regular power outages and high rates of crime. Over the next few days, a weakened A.N.C. “We invite political parties to form a government of national unity as the best option to move our country forward,” Mr. Ramaphosa said in a news conference late on Thursday night. “This moment calls for the broadest unity of the people of South Africa.”

Persons: Cyril Ramaphosa of, “, Mr, Ramaphosa, ” Organizations: African National Congress Locations: Cyril Ramaphosa of South Africa, South Africa, Africa’s

☆ Jacob Zuma has made a dramatic comeback in South Africa’s elections. Will he have the last laugh over Ramaphosa?
▼ + stars: | 2024-06-05 | by ( Sarah Dean | David Mckenzie | ) edition.cnn.com time to read: +10 min

Johannesburg, South Africa CNN —South Africa’s African National Congress (ANC) party faces a mammoth challenge as it needs to form a government with its political rivals after suffering a seismic blow in last week’s election. However, both parties believe in the primacy of South Africa’s constitution and both have promised to crack down on corruption. If the ANC decides to pursue coalition talks with MK, then Zuma will want Ramaphosa out, solidifying his revenge. However, if South Africa’s president maintains his grip on the ANC, a coalition with MK is unlikely. South Africa’s business community and middle class are broadly nervous about an EFF–ANC coalition and its effect on investor confidence.

Persons: Mahlengi, Motsiri, Jacob Zuma, Zuma, Cyril Ramaphosa –, –, ”, Tessa Dooms, ” Dooms, Ramaphosa, Gupta, Ramaphosa’s, Fikile Mbalula, “, John Steenhuisen, Steenhuisen, TK Pooe, Paul Mashatile, Zuma “ unapologetically, Melanie Verwoerd, Verwoerd, Julius Malema, Malema, Floyd Shivambu, Mandela, Klerk, Thabo Mbeki Organizations: South Africa CNN, National Congress, ANC, South, MK, who’ve, CNN, Sunday, Democratic Alliance, White South, DA, EFF, Fighters, Wits School, Governance, Empowerment, ANC’s, National Health Insurance, Freedom Party, IFP, Reserve Bank, Finance, GNU, FW Locations: Johannesburg, South Africa, Africa, Zulu

☆ South Africa's ruling ANC set to lose majority in pivotal vote, early projection shows
▼ + stars: | 2024-05-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Residents line up to cast ballots in the national election on May 29, 2024 in Matatiele, South Africa. South African's governing African National Congress appears set to lose majority control in the country's most seismic political transition since the end of the apartheid. The International Monetary Fund projects that South Africa's gross domestic product will climb by 0.9% in 2024. The democratic process is going to emerge victorious," ANC leader and South Africa's incumbent President Cyril Ramaphosa, 71, said Wednesday on social media. The U.S. dollar was up 1.31% against the South African rand at 8:30 a.m. London time, following the report.

Persons: Nelson Mandela, Cyril Ramaphosa Organizations: Reuters, country's Council for Scientific, Industrial Research, ANC, Democratic Alliance wresting, Marxist Economic, Fighters, African National, ANC —, World Bank, Monetary Fund, South, National Union of Mineworkers, Associated Press, U.S Locations: Matatiele, South Africa, London, Johannesburg

☆ South Africans Turn Away from Ruling Party, Early Election Results Show
▼ + stars: | 2024-05-30 | by ( Lynsey Chutel | ) www.nytimes.com time to read: +1 min

South Africans were on edge Thursday as votes trickled in from a tight national election, with early returns showing poor results for the African National Congress, the party that has governed the country for three decades. — for the first time — would need to form a coalition with one or more rival parties in order to stay in power. In South Africa’s parliamentary system, President Cyril Ramaphosa, the leader of the African National Congress, would need the support of members of the opposition in order to serve a second term. would significantly change South African politics, and also its policies, shifting the country away from a government dominated by a single party to one held together by fragile coalitions. in small municipalities, but has been fraught in large cities like Johannesburg, where it has led to political infighting.

Persons: —, Cyril Ramaphosa Organizations: African National Congress Locations: Africa’s, Johannesburg

☆ South Africa elections: First results suggest country is in line for biggest political shift since apartheid
▼ + stars: | 2024-05-30 | by ( Sarah Dean | David Mckenzie | ) edition.cnn.com time to read: +2 min

Johannesburg, South Africa CNN —Early results from South Africa’s election suggest the ruling African National Congress (ANC) party could lose its majority for the first time in 30 years. With results in from 13% of polling stations at 10 a.m. local time, support for the ANC stood at 42.5%. In past elections, results from rural areas – where the ANC has major strongholds – have come in later, boosting results for the party. South Africa’s electoral commission has seven days to declare the final results by law. This year, the commission has set Sunday, June 2, as the final results day.

Persons: Jacob Zuma, Zuma, Cyril Ramaphosa – Organizations: South Africa CNN, National Congress, ANC, Democratic Alliance, Fighters, ANC –, CSIR, Independent, EFF, weSizwe Party, South Locations: Johannesburg, South Africa, –, KwaZulu, Natal, Durban

☆ South Africans Vote, Many Hoping for Change as Seismic as Mandela’s Rise
▼ + stars: | 2024-05-29 | by ( John Eligon | Lynsey Chutel | ) www.nytimes.com time to read: +1 min

Volunteers with the party worked feverishly to hold onto their majority, shuttling voters to polling stations, extolling the party’s virtues from loudspeakers on pickup trucks and handing out the party’s bright yellow T-shirts. Top party officials chanted alongside these foot soldiers, as if rallying them for battle. Pollsters have widely predicted that the party will win a plurality but draw less than 50 percent of the vote for the first time. If that happens, it will be forced to ally with one or more other parties in order to form a government and remain in power. Voters are electing a National Assembly, which will choose whether to keep or unseat President Cyril Ramaphosa.

Persons: feverishly, Pollsters, Cyril Ramaphosa Organizations: African National Congress, Volunteers, National Assembly Locations: Africa

☆ South Africa election 2024: Polls open in what could be most closely contested election since the end of apartheid
▼ + stars: | 2024-05-29 | by ( Sarah Dean | ) edition.cnn.com time to read: +3 min

Johannesburg, South Africa CNN —Millions of South Africans are voting in what is expected to be the most pivotal general election since the end of apartheid. While polling can be challenging in South Africa, most analysts believe that the ANC faces its stiffest challenge yet with a population deeply frustrated by the country’s direction. SOUTH AFRICA GENERAL ELECTION 101 South Africa uses a “proportional representation” system. South Africa is the most unequal country in the world, according to the World Bank. This is the seventh general election South Africa has held since the end of white minority rule 30 years ago.

Persons: Nelson Mandela, Cyril Ramaphosa, ” Ramaphosa, Anders Pettersson, Jacob Zuma’s uMkhonto, Zuma, “, ”, John Steenhuisen Organizations: South Africa CNN, National Congress, ANC, SOUTH, Independent Electoral, South, World Bank . Citizens, Workers, African National Congress, Fighters, Jacob Zuma’s uMkhonto weSizwe Party, Democratic Alliance, Party Locations: Johannesburg, South Africa, SOUTH AFRICA, Africa, Alexandra Township, Benoni

☆ South Africa’s Black Elites Sour on the President They Championed
▼ + stars: | 2024-05-29 | by ( John Eligon | ) www.nytimes.com time to read: +1 min

Cyril Ramaphosa ascended to the presidency of South Africa several years ago carrying the excitement and optimism of the country’s rising Black professionals, who saw themselves in him: a measured businessman with intellectual gravitas. He seemed an antidote to the previous administration, which had blasted Black professionals as elitists complicit in the continued white domination of the economy. And Black professionals could play a significant role in the A.N.C.’s demise. during the scandal-plagued tenure of Mr. Ramaphosa’s predecessor, Jacob Zuma, many professionals returned to the party in the 2019 election. They believed that Mr. Ramaphosa could clean up corruption and turn around the sluggish economy, according to interviews with political analysts and Black professionals.

Persons: Cyril Ramaphosa, Ramaphosa, Ramaphosa’s, Jacob Zuma Organizations: South, African National Congress Locations: South Africa

☆ South Africa prepares for pivotal election that could see ANC lose its grip on power
▼ + stars: | 2024-05-28 | by ( Arabile Gumede | ) www.cnbc.com time to read: +1 min

President of the ruling African National Congress (ANC) and South African President, Cyril Ramaphosa at a rally on May 25, 2024 in Johannesburg, South Africa. Some 30 years on from the peaceful transition from apartheid rule to democracy, South Africa could once again be on the cusp of change. Since coming to power in South Africa's first democratic election in 1994, the African National Congress has focused on making inclusivity a core pillar of the country's economy. At the last national assembly election in 2019, turnout was 66%, already 7 percentage points lower than the previous vote. Even with the highest possible voter turnout, the ANC's result is expected to drop below 50%.

Persons: Cyril Ramaphosa, Nelson Mandela Organizations: National Congress, ANC, African, African National Congress Locations: Johannesburg, South Africa, South Africa's, Gauteng

☆ South Africa, With Elections, Is Becoming Something New - The New York Times
▼ + stars: | 2024-05-28 | by ( William Shoki | ) www.nytimes.com time to read: +2 min

On an overcast April day in South Africa’s administrative capital, Pretoria, President Cyril Ramaphosa delivered a lackluster speech commemorating the end of white-minority rule in South Africa. On several occasions, the former South African president Jacob Zuma proclaimed that the A.N.C. would rule “until Jesus comes back.” Now Mr. Zuma is hoping to unseat the party that enabled his notorious graft. The party’s emergence is one of the many morbid symptoms in South Africa today. Thirty years on from apartheid’s end, South Africa is in the midst of another complex transformation.

Persons: Cyril Ramaphosa, Nelson Mandela, Ramaphosa’s, Jacob Zuma, “, Jesus, Zuma, uMkhonto, —, ’, Ramaphosa Organizations: African National Congress, South, Mr Locations: South Africa’s, Pretoria, South Africa, South

☆ South Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price
▼ + stars: | 2024-05-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +12 min

When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, crippling power cuts and feeble economic growth will likely be top of mind. Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. ‘Elite enrichment’Under apartheid — and colonial rule before that — Black South Africans were violently oppressed and denied many basic human rights. Millions of South Africans still live in such informal settlements. “The poster child of this is the electricity sector.”For much of last year, South Africans were without power for at least some portion of the day.

Persons: ”, Nelson Mandela’s, —, Cyril Ramaphosa, Leon Sadiki, BEE, Moeletsi Mbeki, Thabo Mbeki, White, “, Tshediso Matona, Anders Pettersson, Black, …, Kganki Matabane, Matthew Parks, Matona, Mbeki, Ricardo Hausmann, Jacob Zuma, Haroon Bhorat, Michele Spatari, ” Bhorat, hasn’t, ANC “, Zuma, Ramaphosa, Cas Coovadia, Hausmann Organizations: Johannesburg CNN, National Congress, ANC, World Bank, Oxford Economics, Harvard University, Democratic Alliance, Bloomberg, Getty, South African Institute of International Affairs, Wits University, CNN, ”, BBEE, Black Business Council, South African Trade Unions, Harvard’s, University of Cape, South Africa’s Free, International Monetary Fund, Fitch, IMF, JPMorgan, Shell, Unilever, Business, Business Unity, Harvard Growth Locations: London, Johannesburg, Sudan, Africa, Alexandra, South Africa, Leon, Isipingo, KwaZulu, Natal, South, ”, University of Cape Town, loadshedding, Namahadi, Frankfort, Business Unity South Africa

Search resuls for: "Cyril"

25 mentions found