Cyril Ramaphosa

China Gives South Africa $25 Billion in Stimulus Loans

The government of South Africa announced on Friday that President Cyril Ramaphosa secured another $10 billion in Chinese loans during his trip to Beijing last week, bring South Africa’s total economic stimulus and infrastructure financing from China up to $25 billion.

Cyril Ramaphosa (Lintao Zhang / Getty)

South African Officials Say President Zuma’s Resignation Is Coming Soon

The handwriting appears to be on the wall for South African President Jacob Zuma. A few days after opposition leaders spoke of a plan to use massive street demonstrations to compel Zuma’s political party to recall him, South African officials said Zuma’s resignation is imminent, possibly coming as soon as Monday.

ANC bosses clear diaries as Zuma exit looms