The threat of Cyril Ramaphosa’s resignation could shave a percentage point of South Africa’s parlous GDP growth. But while some CEOs have slammed the PhalaPhala report by Sandile Ngcobo’s panel, Neal Froneman says the president should have quit.
If you’re in any doubt about how devastating bad politics can be for business, just ask Liz Truss. Or, in fact, Robert Mugabe, Jacob Zuma or Vladimir Putin.
Those who saw the rand tumble 4% and bond yields spike to their highest levels since 2020 as the full impact of the Phala Phala report sank in last week witnessed just such a moment first-hand...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ramaphosa applies for Phala Phala review, claims panel misunderstood its mandatePresident Cyril Ramaphosa believes the Independent parliamentary panel on Phala Phala misunderstood its mandate.
Read more »
Parliament doesn’t expect logistical disruptions ahead of Phala Phala debateMPs to converge on Cape Town on Tuesday for a special sitting to vote on independent panel’s report
Read more »
POLL | Are you happy with Ramaphosa's response to the Phala Phala report?Has Ramaphosa responded well, or is it the actions of a 'coward' in 'hiding'?
Read more »
LISTEN | If Ramaphosa is re-elected, taxpayers may foot Phala Phala legal billsParliament was due to debate the section 89 independent panel’s Phala Phala report on Tuesday, but the discussion has been postponed to December 13.
Read more »
Ramaphosa now powerless against corrupt officials, says Steenhuisen on Phala Phala saga | The CitizenThe Democratic Alliance (DA) believes President Cyril Ramaphosa’s efforts to fight corruption has been tainted by the Phala Phala farm burglary scandal. 👮PhalaPhalareport.
Read more »
EFF wants in on Phala Phala litigationThe EFF was one of the three political parties that made submissions to the panel.
Read more »