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Goldman Sachs

A strong South Africa Al plan could protect economy – and people
Business
/ 4 May 2024

A strong South Africa Al plan could protect economy – and people

The technology has huge implications for the country and the world. Experts say if South Africa fails to prepare, it will be preparing to fail

By Sarah Smit
Creaking economy must be reformed for the better
Business
/ 9 June 2023

Creaking economy must be reformed for the better

Structural reforms are often offered as the solution to South Africa’s growth problem, but we should be wary when they are code for privatisation

By Editorial
What’s in it for the ‘friends of Brics’?
Top Six
/ 8 June 2023

What’s in it for the ‘friends of Brics’?

A bigger alliance will give the group extra economic heft, but it remains to be seen whether its members can speak in one voice

By Sarah Smit
US-SA diplomatic spat signals Brics jitters
Opinion
/ 16 May 2023

US-SA diplomatic spat signals Brics jitters

The US ambassador’s allegations against South Africa come as a push to expand the Brics bloc’s influence threatens to force a new world order

By Sarah Smit
Will the dollar hit a Brics wall?
Business
/ 17 April 2023

Will the dollar hit a Brics wall?

The architecture of the global financial system hurts emerging market economies but the alliance has yet to offer an alternative

By Sarah Smit
Explainer: What a weak rand means for interest rates
Business
/ 14 March 2023

Explainer: What a weak rand means for interest rates

Later this month the South African Reserve Bank will decide how big a rise the country’s flailing economy can take

By Sarah Smit
Will business come to the table for Cyril to meet his 100-day promise?
Business
/ 13 May 2022

Will business come to the table for Cyril to meet his 100-day promise?

Disagreements over a basic income grant, labour law reform and how to save the economy mean consensus is still far off. But trade-offs – and political shifts – will eventually have to be made for there to be any hope of real change

By Emsie Ferreira and Sarah Smit
Beware of Big Business bearing gifts
Opinion
/ 19 July 2020

Beware of Big Business bearing gifts

Large corporates whose business has thrived because of inequalities, could be hijacking the anti-racist movement by offering money and not tangible changes

By Ahmed Sule
Coleman steps down from Goldman Sachs
Article
/ 5 November 2019

Coleman steps down from Goldman Sachs

The ‘capitalist comrade’ has been with the international banking firm since 2000

By Thando Maeko
South Africa is ripe for right-wing populist movements
Article
/ 1 May 2019

South Africa is ripe for right-wing populist movements

The emergence of parties such as the African Transformation Movement signals a worrying trend

By Benjamin Fogel
International case may set precedent in rand-rigging battle
Article
/ 6 February 2019

International case may set precedent in rand-rigging battle

Standard Chartered pleaded guilty to currency manipulation (which included the rand) between 2007 and 2013

By Lynley Donnelly and Gemma Ritchie
No gain without pain, says Cyril’s capitalist comrade
Article
/ 14 September 2018

No gain without pain, says Cyril’s capitalist comrade

Colin Coleman and Cyril Ramaphosa go way back, and the Goldman Sachs banker has the ear of ANC policy gurus

By Carlos Amato
Automaker Tesla to remain a public company, CEO Musk says
Article
/ 27 August 2018

Automaker Tesla to remain a public company, CEO Musk says

Elon Musk says the company would continue to be publicly traded, weeks after suggesting that he would take the pioneering electric carmaker private

By Agency
Success of Ramaphosa’s investment drive out of his hands
Article
/ 18 June 2018

Success of Ramaphosa’s investment drive out of his hands

The President has less impact on investment levels than he may like to admit

By Staff Reporter
Focus shifts to Steinhoff’s ex-chair Christo Wiese
Article
/ 26 January 2018

Focus shifts to Steinhoff’s ex-chair Christo Wiese

It appears US banks lost $1-billion when they loaned to the tycoon who used his Steinhoff shares as collateral

By Staff Reporter
Standard Bank cited in price-fix claim
Article
/ 4 December 2014

Standard Bank cited in price-fix claim

Standard Bank, Goldman Sachs, HSBC and BASF Metals are the four companies accused of manipulating the price of platinum.

By Staff Reporter
Is Davos still relevant?
Videos
/ 27 January 2014

Is Davos still relevant?

Ministers Yunus Carrim and Rob Davies and Goldman Sachs’s Colin Coleman spoke to us from Davos on the WEF’s relevance, perceptions of SA, and more.

By Staff Reporter
A ‘new wave’ of companies could list on JSE, says Goldman Sachs
Article
/ 21 January 2014

A ‘new wave’ of companies could list on JSE, says Goldman Sachs

A number of private portfolio exits could spark several companies to list on the stock exchange, says the top underwriter of IPOs.

By Staff Reporter
Goldman Sachs predicts at least 15% losses for gold and iron ore in 2014
Article
/ 21 November 2013

Goldman Sachs predicts at least 15% losses for gold and iron ore in 2014

Commodities will face increased risks despite the expectation that economic growth in the US will increase, says Goldman.

By Staff Reporter
‘Vampire squid’ waxes lyrical on SA’s virtues
Article
/ 8 November 2013

‘Vampire squid’ waxes lyrical on SA’s virtues

South Africa has made great progress since 1994 but needs to attract more foreign investment, says the Goldman Sachs’s report.

By Thalia Holmes
Khaya Dlanga: Take your 20 years of democracy and suck it!
Article
/ 6 November 2013

Khaya Dlanga: Take your 20 years of democracy and suck it!

How is it possible that South Africa is a better place now than in 1994, asks a disgruntled South African expatriate.

By Staff Reporter
‘There is too much despair’ in SA, says Gordhan
Article
/ 4 November 2013

‘There is too much despair’ in SA, says Gordhan

Speaking at the Nelson Mandela Foundation, Finance Minister Pravin Gordhan says South Africans are lacking in hope and optimism for the country.

By Genevieve Quintal
Goldman’s SA nemesis in hiding
Article
/ 23 March 2012

Goldman’s SA nemesis in hiding

Greg Smith, whose insider resignation has wiped billions off Goldman Sachs’s stock, now shuns publicity and is believed to be in hiding.

By Rowan Philp
Goldman Sachs rips off ‘muppet’ clients, says ex-director
Article
/ 15 March 2012

Goldman Sachs rips off ‘muppet’ clients, says ex-director

A resigning director claims banking titan Goldman Sachs has become a ‘toxic and destructive’ firm focused on milking clients for everything it can.

By Paul Handley
No image available
Article
/ 5 September 2011

Bankers plot course as sovereign debt clouds loom

Europe’s top banks are due to meet to share insights on whether the latest sovereign debt crisis squall could yet turn into a financial market storm.

By Staff Reporter
Best returns, worst reputation
Article
/ 6 May 2011

Best returns, worst reputation

A new book on Goldman Sachs says the bank will take years to reinstate its image.

By Dominic Rushe
Goldman executives’ wages of sin
Article
/ 21 April 2011

Goldman executives’ wages of sin

A nun leads the charge against the excessive amounts paid to corporate chiefs.

By Dominic Rushe
No image available
Article
/ 19 April 2011

Goldman profit drops as trading revenue falls

Goldman Sachs Group posted a 72% decline in quarterly earnings, and the bank warned there were fewer opportunities to make money.

By Lauren Tara Lacapra
No image available
Article
/ 12 April 2011

Oil falls on Libya, Goldman Sachs demand warning

Oil fell on Monday after Muammar Gaddafi appeared to accept a cease-fire plan, increasing the chances that Libyan crude will return to world markets.

By Chris Kahn
No image available
Article
/ 14 March 2011

Japan manufacturers tumble on quake uncertainty

Shares in Japanese manufacturers tumbled in the aftermath of Friday’s earthquake, as companies struggled to gather information from the stricken area.

By Isabel Reynolds
No image available
Article
/ 19 January 2011

Goldman Sachs posts steep quarterly profit drop

United States investment bank Goldman Sachs on Wednesday said fourth-quarter profit dropped 52% amid falling revenue.

By Staff Reporter
No image available
Article
/ 10 December 2010

EU moves to unify sanctions for financial abuse

The EU executive launched a campaign this week for a new Europe-wide system of penalties, fines and possible jail terms in financial services.

By Ian Traynor
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