Moody's & Fitch downgrades push SA further into junk status
Moody's has downgraded the country's credit rating one notch to BA2 and maintained a negative outlook, while Fitch has downgraded South Africa's credit rating from BB to BB- and with a negative outlook.
Moody’s, S&P Global expected to release ratings assessment on SA today
The South African Reserve Bank's monetary policy committee announced on Thursday that rates would remain unchanged while the economy shows some signs of picking up.
Reserve Bank keeps repo rate unchanged at 3.5%
Prior to Thursday's announcement, the bank's Monetary Policy Committee had cut the repo rate by 275 basis points this year to try and counter the effects of negative growth due to COVID-19.
SABC temporarily halts retrenchment procedures
Earlier on Tuesday, the SABC’s News Channel saw a break in broadcasting with presenters refusing to go on air as the corporation faces retrenchments. They called for management to step down.
SABC News employees halt work in protest over job cuts
The SABC disclosed that 400 people were being served with Section 189 notices, with about 170 posts to be filled.
Mixed fuel price outlook for December
The AA said petrol was set to drop by up to 36c a litre but by contrast, diesel would likely only see a 4c drop.
NPA: We have a good case against Ace Magashule
The ANC secretary general faces charges of corruption and fraud, that he abused his position of authority, breached the trust of his office and violated his legal duties while Premier of the Free State.
Richard Mdluli fails to appear for corruption case, cites ill health
His co-accused Heine Barnard and Solomon Lazarus appeared briefly in court and the case was postponed to 8 February 20201 and referred to the Pretoria High Court.
De Ruyter heartened by current state of Eskom's power generating system
Eskom CEO Andre de Ruyter said that the utility's power generating system was looking good and it was managing to keep the lights on.
Eskom forecasts net loss of R26.2bn for 2020/2021 financial year
Eskom CEO Andre de Ruyter said that municipalities were some of the main offenders but said that Eskom had secured 64% of funding for the 2021 financial year by the end of last month.
Zondo responds to Zuma recusal demand, reveals family connection
Former President Jacob Zuma is insisting that Deputy Chief Justice Raymond Zondo recuse himself before he returns to the state capture commission to testify.
Hard lockdown had a significant effect on Sars’ revenue collection - Kieswetter
Edward Kieswetter on Thursday said that imports decreased, with local VAT also affected during the hard lockdown, adding that the tax base was also getting smaller.
Mboweni gives SAA R10.5bn to implement business rescue plan
Finance Minister Tito Mboweni made the announcement while delivering his Medium-Term Budget Policy Statement in Parliament.
NDPP considering whether to appeal Regiment assets judgment
Regiments has been implicated at the state capture commission in irregular deals worth billions of rands.
Senzo Meyiwa deliberately killed in a hit - AfriForum's Gerrie Nel
Advocate Gerrie Nel of AfriForum's private prosecution unit said that the police agreed that Meyiwa wasn't killed in a robbery.
Newly crowned Miss SA Musida hopes to be a representative of SA’s beauty
Musida was bestowed the title in an emotive ceremony on Saturday night.
Ndabeni-Abrahams fires Sapo board chair Makhubele
Her spokesperson Mishack Molakeng confirmed that a decision to release Makhubele was taken following a meeting between the minister and the board on Friday.
Mabuza: SIU probing nearly R5bn worth of contracts related to COVID-19 graft
Deputy President David Mabuza said that government had thrown its full weight behind efforts to fight corruption.