News in South Africa 10th March: 1. Ratings agencies doubtful of budget targets: Ratings agencies doubt that finance minister Tito Mboweni will meet his 2021 budget targets, highlighting the various challenges faced by South Africa in trying to stabilise its debt. Mboweni said that South Africa’s debt-to-GDP ratio will peak at 88.9% in 2023, down […]
News in South Africa 8th March: 1. ETC corruption allegations: Police reports and documents provided to the National Prosecution Authority (NPA) have brought grave allegations against Electronic Toll Collection (ETC) and its parent company, Kapsch TrafficCom. Among the allegations are that ETC, with full knowledge of Kapsch, made payments totalling R10 million over three years […]
News in South Africa 9th December: 1. ANC affirms stand-aside rule: President Cyril Ramaphosa has won the latest battle in the fight to cleanse the party of corruption-accused leaders, with its top leadership reaffirming the decision to force them to step aside from their party and state posts. The party’s national executive committee (NEC), which wrapped up […]
News in South Africa 15th October: 1. Economic recovery plan today: President Cyril Ramaphosa will today outline his economic recovery plan to pull South Africa out of the pits of the Covid-19 lockdown. The plan is the result of extensive deliberation between government and its social partners, including business and labour. He will present the […]
