thembile Cele

2 weeks ago | bloomberg.com | thembile Cele |Ntando Thukwana

South Africa’s Democratic Alliance is deeply divided about staying in the country’s ruling coalition following a standoff over the budget. The DA, the second-largest party in the the so-called government of national unity after the African National Congress, voted against a key piece of budget legislation last week after failing to use an increase in value-added taxes as leverage to get backing for its policy proposals. The legislation passed anyway with support from smaller parties.

3 weeks ago | bloomberg.com | thembile Cele |Ntando Thukwana

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...

3 weeks ago | news.bloomberglaw.com | thembile Cele |Ntando Thukwana

South Africa is working to reset US relations that have been under assault by Donald Trump since his return to the White House. Pretoria is preparing a bilateral trade agreement as a backstop in case it loses access to a preferential accord, according to the deputy trade minister. And it’s shoring up its diplomatic presence in Washington following the expulsion of the country’s ambassador this month.

4 weeks ago | bloomberg.com | Ntando Thukwana |thembile Cele

Keeping South Africa’s inflation target at the current range will be costly for the government, according to central bank chief Lesetja Kganyago, who has long been an advocate of lowering the objective. “Keeping inflation where it, is or allowing it to get higher, means that government is going to pay more in debt-service costs, and so the cost of the higher inflation target is not insignificant,” Kganyago said at a South African Reserve Bank conference in Cape Town on Thursday.

1 month ago | bloomberg.com | thembile Cele |Ntando Thukwana

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...