SA News

 

Reason behind SA’s junk status credit rating – full S&P statement

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In our opinion, the executive changes initiated by President Zuma have put at risk fiscal and growth outcomes. We assess that contingent liabilities to the state are rising. We are therefore lowering our long-term foreign currency sovereign credit rating on the Republic of South Africa to ‘BB+’ from ‘BBB-‘ and the long-term local currency rating..
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How do we … as the people, impeach a president ??

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In court papers filed on Thursday, opposition parties asked the Constitutional Court to order Parliament to put a mechanism in place to investigate whether “the president has made himself guilty of an offence or inability”, which would warrant the exercise of Parliament’s impeachment powers. The Economic Freedom Fighters (EFF), the Congress of the People (Cope)..
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Zuma’s critics in ANC are very vocal .. but the question is .. will they act ??

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There is a lot of brave talk about standing up to President Jacob Zuma after the dismissal of Finance Minister Pravin Gordhan amid a wider Cabinet reshuffle which has been widely condemned as disastrous for South Africa. Predictions that the country has reached “a turning point”, is facing a ratings downgrade and plummeting investment, rising..
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Zuma’s new excuse for SA’s problems “White monopoly capital”

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The rising talk about ‘white monopoly capital’ as an obstacle to economic inclusion in South Africa is a red herring. The call for radical economic transformation has grown louder following President Jacob Zuma’s 2017 State of the Nation Address. Accompanying these calls is a line of argument that says “white monopoly capital” is to blame..
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Racism will soon be a crime punishable by law

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Jacob Zuma claims that the ideology of racism remained firmly entrenched among some population groups. Practising racism and racial intolerance will soon be an offence punishable by law in South Africa, according to President Zuma. Addressing a small but very enthusiastic crowd at Victoria Grounds in King William’s Town, Eastern Cape, to mark Human Rights Day, Zuma..
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Conspiracy, disinformation and Zuma-Gordhan fight loom over budget

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A year after President Jacob Zuma began feuding with his Finance Minister Pravin Gordhan over control of the nation’s purse strings, the conflict appears to be coming to a head. When he presents his annual budget in Parliament on Wednesday, Gordhan will seek to keep state spending in check and fend off a junk credit..
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Mashaba ‘still pissed off’ – businessman Reddy on City Power investigation

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Mayor Herman Mashaba’s investigation into alleged corruption involving the city’s R1bn smart electricity meter tender is just petty politics, businessman Vivian Reddy said. Reddy is the owner of Edison Power which was awarded the billion rand tender to install smart meters throughout the municipality. The contract has been probed four times in the past by..
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