Voice of the Cape

December2017

Ratings agency Moody’s downgrades Steinhoff

International retailer Steinhoff has been downgraded by rating agency Moody’s. The rating agency downgraded Steinhoff to Caa1 corporate family rating which indicates high credit risk. The furniture retailer has 40 different brands in 40 countries. Steinhoff’s share price dropped more than 90% after its CEO reigned in December. It announced[…]

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Concourt to deliver judgment on Zuma impeachment

The EFF and other parties brought the case in a bid to seek impeachment proceedings against President Jacob Zuma. The Constitutional Court is set to deliver judgment in the so- called Zuma impeachment case. The EFF and other parties brought the case in a bid to seek impeachment proceedings against[…]

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Twitter account of imprisoned Ahed Tamimi deleted

Without explanation, the Twitter account belonging to imprisoned Palestinian teenage girl Ahed Tamimi was deleted. Tamimi was arrested and imprisoned by the Israeli military. Another account has been created, calling for Twitter to reinstate Tamimi’s original account. While it is unclear if Twitter itself deleted the account, Manal Tamimi, a[…]

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Tunisia airline row: UAE ‘political miscalculation’

The ongoing row between Tunisia and the United Arab Emirates over Emirates airline’s decision to impose a blanket ban on Tunisian women flying into the country was a “political miscalculation” that reflects an increasingly fraught relationship between the two countries, experts say. Nicholas Noe, a Tunisia-based political analyst and editor[…]

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Man drowns at Strand Beach

A man drowned on Wednesday, and two other men and a woman were rescued at Strand Beach, the National Sea Rescue Institute (NSRI) said. Spokesperson Craig Lambinon said that at around 15:30 the NSRI Gordons Bay duty crew were alerted following reports of a drowning in progress. “Strand Surf Lifesaving[…]

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