Tag Archives: credit rating

ANC Leak Expresses Internal Rebellion is Zuma’s Priority

Mike Hampton Posted on by

It’s an ANC leak at exactly the wrong time for the ANC. That’s the best nature of leaks. The meeting minutes of the National Working Committee (NWC), which includes the highest leaders, shows President Jacob Zuma fighting back against the rebellion in his ranks since he ‘fired’ Finance Minister Pravin Gordhan. ANC LEAK EXPRESSES INTERNAL REBELLION Management of Alliance tensions Condemn behaviour of SACP and COSATU NWC, defence of the ANC where National Office fails Kathrada Funeral – manner in which some NEC members and Ministers behaved Unfortunate actions of … Read the full article…

The truth may be bitter but sharing it is sweet!

Rating Downgrade Risks Series of Economic Setbacks for South Africa

Mike Hampton Posted on by

The IRR says the decision this evening by S&P Global Ratings to cut South Africa’s long term foreign currency sovereign credit rating to speculative grade or ‘junk status’ risks triggering a series of economic setbacks that will affect the living standards of all South Africans directly. The Head of the IRR’s Centre for Risk Analysis, Mr Kerwin Lebone, said, “The announcement is a considerable setback particularly after the effort that was made by business, civil society, and some government leaders to prevent precisely this outcome”. IRR CEO Dr Frans Cronje … Read the full article…

The truth may be bitter but sharing it is sweet!