Religious organisations who have been calling on the ANC to impose a boycott and sanctions campaign have welcomed the announcement of the downgrading of diplomatic ties with the state of Israel. In a statement, the Jamiatul Ulama South Africa lauded the move announced by the International Relations Minister Lindiwe Sisulu,[…]
A poll carried out by South Africa’s governing party, the African National Congress (ANC), has found overwhelming 75% support for the shutdown of the SA Embassy in Israel. The ANC online poll comes ahead of the ANC’s conference later this week where branches are to ratify a recommendation from the[…]
A list of protest marches being organised against President Jacob Zuma has created a craze on social media. The page titled We Are South Africans is part of a social coalition movement calling on South Africans to unite under one banner and to use their voice against the President. The[…]
DA leader Mmusi Maimane has pleaded with ratings agency Standard and Poor’s (S&P) not to downgrade South Africa to junk status, ahead of the agency’s decision on Friday. “I want to urge today to S&P. Tomorrow you make a decision about the downgrade – we don’t want a downgrade. The ANC is[…]
A credit rating downgrade to sub-investment grade or junk status will cause rand weakness, push SA into a recession and lead to the loss of at least 200,000 jobs, Standard Bank chief economist Goolam Ballim warned on Monday. A downgrade would see SA’s gross domestic product (GDP) decline by 0.3%[…]
Probably speaking, the whole talk of the market, the world around South Africa has been downgrade, downgrade, downgrade and I think by and large that has been in our sovereign spreads for the last couple of months since Nenegate in December, so South Africa is already priced like a double[…]
South African Finance Minister Pravin Gordhan met with top business leaders last Friday to discuss steps to boost investor support and avert a credit rating downgrade sparked by SA domestic challenges. About 60 chief executive officers representing industries ranging from banking to mining met with Gordhan for two-and-a-half hours at Nedbank’s offices in[…]
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