ANC welcomes South Africa’s ratings upgrade by S&P Global

[File Image]: Global ratings agency Standard & Poor’s Global Ratings. The African National Congress (ANC) has welcomed the decision by Standard and Poor’s (S&P) Global Ratings to upgrade South Africa’s sovereign credit rating. The S&P decision follows the tabling of the Medium Term Budget Policy Statement (MTBPS) earlier this week. ANC NEC member and deputy…

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Russians develop a taste for South African wine

A glass of wine. Dozens of Russian winemakers have gathered in Moscow to swirl, sip and savour the drink. The aim is not to sell bottles but build bridges. This inaugural BRICS Wine Forum brings together an international gathering of wine enthusiasts. The goal is to help each other’s markets and wineries flourish and grow,…

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S&P Global upgrades SA’s long-term foreign currency rating to ‘BB’

The S&P Global logo is displayed on its offices in the financial district in New York City. S&P Global on Friday upgraded South Africa‘s foreign currency long-term sovereign credit rating to “BB” from “BB-“, citing stronger growth prospects, an improving fiscal outlook and lower contingent liabilities following performance improvements at the state-owned electricity utility, Eskom….

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Future nuclear builds to boost SA Eskom system: Ramokgopa

This morning Minister Dr. Kgosientsho Ramokgopa briefed the media regarding significant updates on key developments in South Africa’s Nuclear Energy Program. The Minister of Electricity and Energy, Kgosientsho Ramokgopa, has announced that Eskom plans to add 5.2 gigawatts of new nuclear capacity to the national system through future nuclear builds. This is part of a…

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BMF warns of rising inequality in SA

A general view of the city of Johannesburg is seen as the sun rises, in Johannesburg, South Africa. The Black Management Forum (BMF) has sounded the alarm on South Africa’s deepening inequalities, as leaders from business, government, labour, and civil society gather in Gqeberha in the Eastern Cape for the organisation’s 2025 Policy Conference. The…

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FlySafair, union reach wage agreement

FlySafair plane in flight A wage agreement has been reached between airline FlySafair and the SA Cabin Crew Association (SACCA). This brings to an end the almost two-week industrial action that saw the employer locking workers out. FlySafair says the signed agreement is a 4-year wage increase of between 6 and 6,9% and a guaranteed…

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