Fitch affirms SA’s credit rating at BB- with stable outlook

Rating agency Fitch has affirmed South Africa’s credit rating at the current sub-investment grade of double-B-minus (BB-) with a stable outlook. According to Fitch, South Africa’s credit rating is constrained by several factors, including low real growth, high poverty and inequality levels, along with rising government debt-to-GDP ratio. However, the rating is supported by a…

Read More

Municipalities must attract investment to create jobs: Ramaphosa

ANC President, Cyril Ramaphosa. African National Congress (ANC) President Cyril Ramaphosa says municipalities must be an attractive destination for investment in order to create job opportunities. Experts say politicisation of local government and poor-quality councillor candidates are some of the factors for the collapse of service delivery at municipalities across the country. Ramaphosa earlier said…

Read More

RTIA defends new act to curb road fatalities

[File photo] The AARTO system will be introduced in phases and will culminate with the introduction of the points demerit system which will see motorists losing their driver’s licenses for violating traffic laws. The Road Traffic Infringement Authority (RTIA) has defended its new act that it says is an effort to curb the high number…

Read More

Argentina turn tables on Australia with 28-26 win in Sydney

The Australian rugby team. Argentina flyhalf Santiago Carreras punished an undisciplined Australia with 23 points off the tee as the Pumas held on grimly for a 28-26 win in Sydney on Saturday to breathe new life into their Rugby Championship campaign. A try-fest beckoned in afternoon sunshine at Sydney Football Stadium but Argentina needed only…

Read More

SA’s growing manufacturing job crisis needs attention: Saftu

A worker gestures in front of steel bars at a Highveld Steel plant, which has a manufacturing agreement with ArcelorMittal steel company, in Middleburg, South Africa. The South African Federation of Trade Unions (Saftu) has called for a meeting with government ministers saying it wants them to address the unfolding unemployment crisis in the manufacturing…

Read More