CAPE TOWN, Feb 25 (Reuters) – South Africa will increase
income tax rates for the first time in 20 years, Finance
Minister Nhlanhla Nene said in a gloomy budget speech on
Wednesday, as he cut growth forecasts for an economy beset by
chronic power shortages.
Nene also widened budget deficit estimates for Africa’s most
developed economy and said the government would have to borrow
more domestically and in global markets to plug the funding gap.
JOHANNESBURG, Dec 12 (Reuters) – Financial problems at South
Africa’s Eskom have pushed the governing ANC to look into
selling stakes in state companies to free up funds to update the
utility and ease power blackouts.
President Jacob Zuma’s African National Congress has long
been reluctant to sell company stakes to ease the strain on the
budget, for fear of upsetting powerful labour union allies who
say this would cause job losses.
JOHANNESBURG, Nov 11 (Reuters) – South Africa risks losing
its coveted investment grade credit status within five years if
it fails to recover from an economic slump that prompted a
downgrade by Moody’s last week.
Moody’s decision piled more pressure on President Jacob
Zuma’s administration as it struggles to rein in public debt,
now nearing 50 percent of economic output, compared with about
27 percent just five years ago.
JOHANNESBURG, Oct 17 (Reuters) – Finance Minister Nhlanhla
Nene will have his work cut out at next week’s budget to try and
reassure disillusioned South Africans that the government still
has gas in its tank to pull the economy out of the doldrums.
Twenty years after Nelson Mandela swept the African National
Congress to power, pledging to unleash the economy and ensure
universal access to quality education, jobs and houses, very
little of the optimism that engulfed the country then remains.
PRETORIA (Reuters) – Olympic and Paralympic track star Oscar Pistorius was convicted of culpable homicide on Friday, escaping the more serious charge of murder for the killing of his girlfriend, and will now battle to avoid going to prison.
The 27-year-old double amputee, who became one of the biggest names in world athletics, stood impassively in the dock, his hands folded in front of him, as Judge Thokozile Masipa delivered her verdict.
PRETORIA (Reuters) – Oscar Pistorius was convicted of culpable homicide on Friday, having escaped the more serious charge of murder for the killing of his girlfriend, and the Olympic and Paralympic track star could face a lengthy prison sentence.
The 27-year-old double amputee, who became one of the biggest names in world athletics, stood impassively in the dock, his hands folded in front of him, as Judge Thokozila Masipa delivered her verdict.
PRETORIA (Reuters) – Oscar Pistorius returns to court on Friday after being cleared of murdering girlfriend Reeva Steenkamp, but the South African Olympic and Paralympic sprinter could still be convicted of culpable homicide for the “negligent” shooting of the model.
The double-amputee, once one of the biggest names in world athletics, has reason to fear a guilty verdict after Judge Thokozile Masipa adjourned on Thursday seconds after saying key elements of culpable homicide were satisfied in the Valentine’s Day 2013 shooting.
PRETORIA (Reuters) – Oscar Pistorius was cleared on Thursday of murdering girlfriend Reeva Steenkamp but the Olympic and Paralympic track star faces a troubled night after the South African judge adjourned for the day before ruling on a charge of culpable homicide.
The double-amputee, once one of the biggest names in world athletics, has reason to fear a guilty verdict after Judge Thokozile Masipa adjourned seconds after saying key elements of the culpable homicide charge were satisfied when he shot Steenkamp dead on Valentine’s Day last year.
PRETORIA (Reuters) – A South African judge cleared Oscar Pistorius of all murder charges on Thursday, saying prosecutors had failed to prove the Olympic and Paralympic track star intended to kill his girlfriend or an imagined intruder on Valentine’s Day last year.
A verdict on the less serious charge of culpable homicide is still to come.
Although judge Thokozile Masipa described the 27-year-old as a “very poor” and “evasive” witness, she said this did not mean the track star was necessarily guilty in a case she said was based entirely on circumstantial evidence.
PRETORIA (Reuters) – Oscar Pistorius, the South African double amputee who became one of the biggest names in world athletics, arrived at the Pretoria High Court on Thursday for the verdict in his 6-month murder trial, a decision that could put him behind bars for 25 years.
In a fitting reminder of how South Africa has changed in the 20 years since apartheid, the fate of Pistorius, a wealthy white man from privileged roots, rests in the hands of a 66-year-old black woman from Soweto, Judge Thokozile Masipa.