South African debt got dealt a second blow in a week as Fitch Ratings joined S&P Global Ratings and cut the nation’s credit assessment to junk following President Jacob Zuma’s move to fire his well-respected finance minister. Fitch
Browsing: Kgalema Motlanthe
President Jacob Zuma’s shock decision to fire his finance minister and stack his cabinet with loyalists may have seemed like good politics, but it’s led to an immediate downgrade of the nation’s
President Jacob Zuma should step down, his predecessor Kgalema Motlanthe said. “Simply because the apex court, the highest court in the land, has judged him to have breached oath of office,” Motlanthe said when asked in an interview
Electronic tolling of Gauteng’s freeways will lead to enhanced economic growth, deputy president Kgalema Motlanthe said on Tuesday. “Through enhanced traffic flow and accessibility, the project will contribute significantly to economic growth,” he said. Efforts to ease congestion on Gauteng’s freeways had to be welcomed
Acting president Kgalema Motlanthe has appointed a new SABC board following last week’s endorsement of nominations by the national assembly. The 12 new board members are Ellen Tshabalala, Noluthando Gosa, Ronnie Lubisi, Vusumusi Mavuso, Thembinkosi Bonakele, Rachel Kalidass, Bongani Khumalo, Hope Zinde, Mbulaheni Obert Maguvhe
All South African citizens should have identity documents, deputy president Kgalema Motlanthe said on Thursday. The transition from the ID book to a smart card ID marked the distance travelled after the pass laws were abolished, he said. “That distance is measured
Auditor-general Terence Nombembe gave roads agency Sanral’s books the thumbs-up recently, although it is struggling against losses of more than R2bn because of financing costs on its tolling operations, thanks largely to the delay in e-tolling to pay for the Gauteng freeway improvement project
Gauteng motorists will know on Friday how e-tolling will be implemented, the inter-ministerial committee on the Gauteng Freeway Improvement Project (GFIP) said. “The committee will be making an announcement on Friday on how the e-tolls will be implemented,” spokesman Thabo Masebe said on Wednesday
Finance minister Pravin Gordhan has called for cool heads to prevail in the Gauteng e-tolling saga, and said the government was seeking a win-win approach for all involved. “Theoretically, if the government wants to go and collect tolls tomorrow, it can go ahead and collect them, but that’s not the issue,” Gordhan told
Cosatu threatened mass action on Thursday against e-tolling in Gauteng after the constitutional court overturned an interdict to halt the project. “We are going to resist it with every power we have,” general secretary Zwelinzima Vavi told reporters on the sidelines of Cosatu’s 11th national congress in Midrand