Signage is seen outside the Moody’s Corporation in New York. 3 minutes Standard Bank Senior Economist Elna Moolman, says the rating decision by the global credit rating agency, Moody’s was expected. Moody’s decided not to downgrade the country’s credit and keep it unchanged at Ba2 due to strong and independent institutions such as the judiciary…
[File Image]: A suspected illegal miner looks at the entrance of an underground gold mine. 2 minutes Mining expert, David van Wyk says claims by miners that they are being forced into illegal mining is a clear indication that there is a syndicate on the surface at the old mine shaft in Sabie. Around 106…
The logo of state power utility Eskom is seen outside Cape Town’s Koeberg nuclear power plant. 1 minute Eskom says it has saved more than R16 billion in diesel compared to last year. The power utility’s top brass, including the board, appeared before Parliament’s Electricity and Energy Committee to among others, discuss its performance and…
The logo of state power utility Eskom is seen outside Cape Town’s Koeberg nuclear power plant. 1 minute Eskom leadership says the ever-increasing municipal debt is a risk to the entity’s financial sustainability. Municipal debt owed to the power utility is around R10 billion per year. Eskom’s leadership and the board appeared before Parliament’s Committee on…
Credit cards. 1 minute The editor of Mybroadband, Jan Vermeulen has cautioned credit cardholders to be wary of where they use their cards. This follows complaints of fraudulent transactions processed by Facebook. South Africans complain that fraudsters are draining their accounts using Facebook. Vermeulen says Facebook is vulnerable to scammers because it does not request…
Nobutho Thethani, a local farmer works the land at Lawley informal settlement in the south of Johannesburg, South Africa. 1 minute South Africa’s economy contracted by 0 .3% in the third quarter from a revised 0.3% growth in the second quarter of the year. The latest data released by Statistics South Africa shows that various…
President Cyril Ramaphosa briefs on foodborne illnesses 3 minutes President Cyril Ramaphosa says South Africa will use its presidency of the G20 countries to harness global commitment to tackle the world’s challenges. Ramaphosa officially launched South Africa’s presidency in the G20 in Parliament on Tuesday. He says they will also achieve the Millennium development goals…
[File Image]: Signage is seen outside the Moody’s Corporation headquarters in Manhattan. 1 minute Rating agency Moody’s has maintained South Africa’s credit rating at Ba2 with a stable outlook, keeping it at sub-investment grade. In a statement released on Wednesday, Moody’s attributed its decision to the country’s strong and independent institutions, including the judiciary and…
South African rands. 1 minute National Treasury says from 2020/2021 financial year to date total unspent conditional grants from the Free State amount to over R1.6 billion. Treasury says when money is returned to its coffers, it means that services meant to be covered by those funds are not delivered. Free State MEC of Finance,…
Parliamentarians and members of the public listen as Ghanaian President Nana Akufo-Addo delivers his annual state of the nation address to the parliament in Accra, Ghana, March 30, 2022 2 minutes Ghana’s parliament is unlikely to pass a provisional budget before the December 7 general election, former officials and experts say, which risks triggering an…
