Author: Agency Staff

South Africa moved closer to a junk credit rating after Fitch Ratings changed the outlook on its assessment to negative from stable and warned that continued political instability could result in a downgrade. The ratings for foreign currency

President Jacob Zuma is facing calls to step down after a minister offered a motion of no confidence at a meeting of the ruling ANC’s national executive committee, two newspapers reported on Sunday. Tourism minister Derek

SABC group executive of corporate affairs Hlaudi Motsoeneng says he can change South Africa in six months. “In South Africa, realise one thing, there is only one Hlaudi, no one else. And realise, I can change South Africa within six

Amazon.com is in talks to acquire Dubai-based online retailer Souq.com for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according

Deputy President Cyril Ramaphosa won the backing of South Africa’s biggest labour federation to succeed President Jacob Zuma as leader of the governing ANC. The decision by the Congress of South African Trade Unions

The South African Reserve Bank left borrowing costs unchanged for a fourth consecutive meeting as it projects the inflation rate will fall back to within its target and the economy is set to expand at the slowest pace since a recession six years ago. The central bank

Hlaudi Motsoeneng says he does not need to be chief operating officer of the SABC to keep on transforming the lives of black people. “Actually I don’t need that title to change South Africa,” said the SABC’s group executive

Social development minister Bathabile Dlamini could not provide answers on Wednesday about her department’s readiness to take over the social grants scheme. Dlamini and members of the South African Social Security Agency

The South African Social Security Agency received a roasting by parliament’s standing committee on public accounts (Scopa) on Wednesday over R1,1bn in irregular expenditure in 2015/2016. Hawks head Berning Ntlemeza was in attendance