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Deputy president David Mabuza on Saturday afternoon delivered a lucid overview of the state of the party’s internal challenges — and lack of funds. (Leon Sadiki/Bloomberg via Getty Images)

Dwindling membership, step aside rule and load-shedding — some of the ANC’s many problems

Deputy president David Mabuza on Saturday afternoon delivered a lucid overview of the state of the party’s internal challenges — and lack of funds

After a decade of dynamic growth during the 2010s, Africa’s second-most populous country has suffered multiple shocks, including the Covid-19 pandemic, a record drought, a two-year war in its northernmost region of Tigray and the global effect of the invasion of Ukraine.

‘Everything increasing except wages’: inflation batters Ethiopia

After a decade of growth during the 2010s, the country has suffered setbacks, including the pandemic and a severe drought

Deputy president, Paul Mashatile. File photo

ANC considers staff cuts, increasing membership fees to bolster finances

In a leaked recording ANC treasurer general Paul Mashatile proposes staff cuts

Dying to breathe: Many of the priority areas exceeded South Africa’s national ambient air quality standards,
often in regions with high concentrations of vulnerable people. Photo: Delwyn Verasamy

We sacrifice for Covid, so we can fight global warming

We just have to ask ourselves if we are as willing to sacrifice to save our grandchildren as we have shown ourselves to be when it came to trying to save older people, the sick…

As dry conditions and high temperatures persist, there are growing concerns about the spring and summer crops that will be harvested later this year. (Oupa Nkosi/M&G)

​Financial distress? What distress?

The M&G went looking for financial distress in South Africa. This is what we found.

Greece has been making headlines

Weary world beggared by borrowing

About 95 countries are either in a debt crisis or facing one, but South Africa isn’t one of them.

DAX board Frankfurt shows declining shares after the Greece financial crisis.

Greek referendum: A yes vote would be messy, a no even messier

Referendums settle matters definitively, right? Not in Greece. Both outcomes next Sunday would raise as many questions as they answer.

A bank manager explains the situation to pensioners waiting outside a branch of the National Bank of Greece hoping to get their pensions

Global markets plunge as Greece shuts banks

Markets across the world tumble as Greece orders its banks to shut for a week and imposes capital controls after its citizens emptied ATMs.

Greek debt crisis: Key points of Athens bank controls

Greece’s Alex Tsipras publishes a decree in the official government gazette setting out the capital controls to be imposed on the country.

Reflections on power: Deputy Chief Justice Dikgang Moseneke has raised legitimate concerns.

Cracks showing in economic crust

Reading the International Monetary Fund’s half-yearly global financial stability review feels similar to watching smoking volcanoes.

Eskom is likely to remain in the financial red

Moody’s Investors Service are not holding out on Eskom’s finances improving any time soon, and neither should the country.

Our next financial crisis – due in 2015

Financial crises come round every seven years or so – if history is a guide, the next crisis should come along some time soon.

Closer ties needed to avoid future banking crisis

Policy group calls for banking supervisors to be paid more.

‘Don’t just blame the bankers for the crisis’

The outgoing governor of the Bank of England has called on the British people not to "demonise" bankers.

IMF: World economy risks new phase of financial crisis

The IMF has warned that the repair job on the world’s financial system is partly completed and failure to finish it risks a new phase for the crisis.

Cyprus President calls on country to share weight of financial burden

Banks have opened for normal business for the second day, but with strict restrictions still in place on how much money their clients can access.

EU competition commissioner Joaquin Almunia

Year-end optimism over Italian financial market

Italy is ending 2012 on an upbeat note, with renewed market confidence and optimism among analysts that the worst of the financial crisis is over.

G20 backs early-warning plan against future crises

Leading world economies agreed to put the policies of seven nations under a microscope as part of a plan to prevent a repeat of the financial crisis.

IMF: Oil rich Qatar to grow 20% in 2011

The economy of Qatar — the world’s wealthiest country per capita — will grow a breathless 20% in 2011, the IMF said on Wednesday.

Ireland’s boom is over. But it still has the web

Ireland’s boom is over. But it still has the web

With its property wealth and optimism dissipated, the republic needs a future: its small but hardy technology sector could provide it.