Month: December 2015

South African-based mobile phone giant MTN has become the latest operator to join Telefónica’s partnership programme, which aims to pool resources, expertise and access markets to compete globally in the changing telecommunications industry.

President Jacob Zuma’s Cabinet has denied claims that it secretly approved the start of the nuclear procurement programme during its meeting just before Finance Minister Nhlanhla Nene was fired last Wednesday.

4 Africa Exchange (4AX), a newly formed company, is keen to set-up a stock exchange in South Africa that will rival the current incumbent, the JSE. The firm has roped in Maponya Group as its empowerment partner. By Gugu Louri

A rather unexpected course of events late Sunday night (13 December 2015), as Zuma “reconsiders” his decision to fire finance minister Nene, and reappoints Pravin Gordhan (who should never have been replaced last year in the first place with a presumably more pliable Nene) as finance minister.

The reappointment of Pravin Gordhan as the minister of finance, replacing David van Rooyen who was put in the seat four days ago, hasn’t stopped South Africans from expressing their outrage. A new hashtag #ZumaMustStillFall is trending on Twitter.