Economic Development Minister Ebrahim Patel ordered the Gupta-controlled Oakbay Resources to repay R293 million to the Industrial Development Corporation (IDC).

The IDC’s decision to go to court to get back the R293 million from Oakbay is a positive signal from government via Ebrahim Patel, although doubtful whether the [...]

Markets react with S&P Global rating downgrade whilst Moody’s puts South African debt on review for downgrade

Rating agencies Moody’s Investors Service and S&P Global Ratings published their reviews late on Friday. S&P Global has now downgraded South Africa’s local debt to the highest non-investment [...]

Mauritius ranked 25th by the World Bank and overtakes South Africa with the leading position in the Sub-Saharan Africa region

In the race between Mauritius and South Africa for the most investor-friendly regime, South Africa’s island rival is gaining ground. Five years ago, South Africa and Mauritius were [...]