- Current Affairs
Updated: 14 min 40 sec ago
A feared credit downgrade for South Africa to "junk" could see direct investment in the ailing economy slide further as investors flee to other markets in search of higher returns.
Operating conditions at private sector businesses have lifted for the first time in a year, mainly driven by a return to new order growth and renewed job creation.
Sanral spent R177m of taxpayer money on advertising in the 2015-16 financial year, much of it to explain its rationale behind tolling Western Cape national roads.
Finance Minister Pravin Gordhan says specific steps were being taken to implement key state reform measures in a bid to stave off a long-term ratings downgrade.
Eskom has taken credit for accelerating the number of households connected to the power grid, after Stats SA revealed levels increased to 85.5% in 2015.
DA leader Mmusi Maimane has pleaded with ratings agency Standard and Poor's not to downgrade South Africa to junk status.
About 45 000 workers face layoffs in the South Africa's struggling mining sector, says the National Union of Mineworkers.
The government has done enough to prevent its credit rating from being downgraded to junk by S&P and Fitch this month, says Finance Minister Pravin Gordhan.
The Western Cape and Gauteng are the only two provinces where over two-thirds of households earn salaries as their main sources of income.
Finance Minister Pravin Gordhan hopes National Treasury will experience better times amid what he termed South Africa’s “noisy democracy”.
OPEC has been expected to keep the oil gushing as a modest recovery in the crude price eases pressure on a cartel riven by Iranian-Saudi rivalry to cut output.
There seems to be a "mismatch" with the rating agencies' assessment of SA's growth prospects, and the view of multinational company CFOs, an accountants group says.
Where corruption exists in education, it must be honestly confronted to ensure that SA has competent teachers organised into accountable unions, says Terry Bell.