Khulekani Magubane
- Indexed articles, last 90 days
- 69
- Latest publication
- Oct 1, 2026
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- Jul 7, 2026
Latest articles
Sarb appoints World Bank economist Franz Ruch as adviser to governors (opens the original)
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The South African Reserve Bank (Sarb) announced on Thursday that it has appointed Franz Ruch as an adviser to the governors effective from October 1 2026. Ruch is a senior economist in the World Bank’s economic policy division and previously at the Prospects Group. His appointment brings the membership of the bank’s monetary policy committee (MPC) to seven. His arrival at the Sarb and the MPC comes as the central bank navigates a tough time of elevated inflation levels triggered by geopolitical
No review of PIC unlisted portfolio on the cards, says Godongwana (opens the original)
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Finance minister Enoch Godongwana says neither he nor President Cyril Ramaphosa has indicated any intention to review how the Public Investment Corporation (PIC) invests in unlisted assets. Godongwana was replying to oral questions from MPs in the National Assembly in a virtual plenary session on Wednesday afternoon. The question comes after a period of instability for the PIC at the board level, punctuated by deputy finance minister David Masondo’s resignation as PIC board chair in July. EFF MP
Godongwana prepares to deliver council spending, saving guidelines (opens the original)
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Minister of finance Enoch Godongwana says he will use his medium-term budget policy statement to outline rules for local government to improve spending and optimise savings. Godongwana was replying orally to questions from MPs in the National Treasury in Pretoria during a virtual plenary session on Wednesday afternoon. The question, from ANC MP Seaparo Sekoati, came months after the National Treasury withheld equitable share funds from tardy councils in financial crises. Sekoati asked the minist
US tech company partners with OpenAI to ignite smarter learning solutions (opens the original)
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Educational technology company Instructure is teaming up with Sam Altman’s OpenAI to create what the two companies call a powerful tool that can integrate with up to 700 apps to improve education administration and learning outcomes. Speaking at the World Academic Summit in Cape Town on Tuesday, Instructure Middle East and Africa director Nathan Thomas said the Utah-based company has worked with one of the largest businesses in the nascent AI solutions field to develop an education tool called I
Gungubele to Musk: What’s 30% between a trillionaire and his birth country? (opens the original)
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Deputy communications and digital technology minister Mondli Gungubele said the South African government is happy to welcome Elon Musk’s Starlink into the local market, but urged him to respect the nation’s equity laws in the process. Speaking at Bloomberg’s 2026 Africa Business Media Innovators (ABMI) gathering in Hermanus in the Western Cape on Monday, the deputy minister said the South Africa-born trillionaire’s satellite internet service provider would assist in the government’s ambitions to
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