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.
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Phala Phala: A ‘defining moment’ for South African businessThe 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.
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Phala Phala: A ‘defining moment’ for South African businessThe 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.
Read more »
Phala Phala: A ‘defining moment’ for South African businessThe 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.
Read more »
Phala Phala: Ramaphosa's court challenge does not prevent National Assembly from considering report | News24President Cyril Ramaphosa's application to legally challenge the Section 89 panel report on Phala Phala won't prevent Parliament from proceeding with a possible impeachment process. | JasonFelix
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Sudanese buffalo buyer at Phala Phala says he declared $580,000 cash at OR Tambo airportAs President Cyril Ramaphosa’s backers mounted a fierce defence for his political life on Monday, the Sudanese businessman who paid loads of dollars at his Phala Phala farm was enjoying the Japan vs Croatia Fifa World Cup game in Qatar.
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Bank stocks took a hammering from Phala Phala saga | The Citizen💰Bank stocks plummet because of Phala Phala, with Absa recording the highest share price drop of 10%.📉 PhalaPhalaFarmgate CyrilRamaphosa Read the full story here⬇️
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