South Africa

Rating agency cuts South Africa's credit grade to junk status

by editor1 / Apr 03, 2017 / 0 comments
Photo credits: 
NAMPA

-Rating agency Standard & Poor's today cut South Africa's credit grade by one notch to junk status.

South Africa's new look cabinet sworn in

by editor1 / Apr 01, 2017 / 0 comments

South Africa's president Jacob Zuma has appointed 10 new ministers and 10 deputy ministers following one of the biggest culls of a cabinet since the advent of democracy.

Local economist expresses concern over political situation in South Africa

by editor1 / Mar 31, 2017 / 0 comments
Photo credits: 
NAMPA

-A local economist has expressed concern over the political situation in neighbouring South Africa, following a Cabinet reshuffle, saying this could have serious impact on the local economy.

Zuma reshuffles cabinet, axes finance minister

by editor1 / Mar 31, 2017 / 0 comments

-South Africa’s President Jacob Zuma axed embattled minister of finance, Pravin Gordhan and his deputy Mcebisi Jonas.

The World marks International Water day

by editor / Mar 22, 2017 / 0 comments

-As the world marks International Water day, Residents of Cape Town in South Africa have very little reason if any at all to celebrate.
The city has been struggling to cope with the devastating drought.

South Africa's top court orders end to welfare grants fiasco

by editor / Mar 18, 2017 / 0 comments

South Africa's Constitutional Court ordered the government on Friday to pay social grants on 1 April via its current service provider, seeking to end a fiasco that had threatened the payment of benefits to about 17 million people.

ANC backs fund for black investors

by editor / Mar 09, 2017 / 0 comments

-South Africa's ruling party supports the financial services industry's plan to set up a fund to boost financing for black investors in a bid to increase their participation in the economy.

Johannesburg mayor meets Nigerian officials to ease tensions

by editor / Mar 09, 2017 / 0 comments

In South Africa, Johannesburg Mayor Herman Mashaba has moved to assure the Nigerian consulate that the city welcomes all Africans.

South Africa reverses decision to withdraw from ICC

by editor / Mar 08, 2017 / 0 comments
Photo credits: 
Reuters

-The South African government has formally notified the United Nations of its decision to reverse an earlier request to pull out from the International Criminal Court (ICC).

Hundreds arrested in connection with anti-migrants violence

by editor / Feb 25, 2017 / 0 comments
Photo credits: 
CGTN

Hundreds of people are arrested in connection with anti-migrants violence in South Africa.

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