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Latest News

China says Ghana's arrest of its miners will not harm relations

China is determined that its relations with Ghana will not be undermined by the arrest of some 200 Chinese illegal gold miners in a crackdown by Ghanaian authorities, a senior Beijing Foreign Ministry official said on Tuesday. The arrests are a sensitive issue for China, which would want to defuse any issue that could stoke popular resentment against its citizens doing business in Africa or threaten its expanding trade relationship with the continent.

Gordhan warns on revenue, currency

The revenue outlook could dim even more if markets react adversely to an awaited announcement by the US Federal Reserve, Finance Minister Pravin Gordhan warned on Tuesday. "In respect of the revenue outlook in relation to the current economic growth that we are experiencing,... we are today facing more difficulties than anticipated.