Bloomberg View: SA junk downgrade just a ‘sideshow’ for BRICS buyers
SA’s downgrade after the nation’s finance minister was fired means three of the five BRICS nations now have junk credit assessments at S&P Global Ratings.
SA’s downgrade after the nation’s finance minister was fired means three of the five BRICS nations now have junk credit assessments at S&P Global Ratings.
If Jacob Zuma’s audacious, externally initiated gamble of firing the incorruptible Pravin Gordhan and Mcebisi Jonas succeeds, then South Africa faces a very bleak future.
As the rand tumbled and bond yields surged while South Africa’s political drama unfolded, not all investors were running for the exit.
The Save South Africa campaign is working with a growing number of civil society organisations on a coordinated programme of rolling mass action in defence of our democracy over the next few days.
South Africa woke up to what can only be described as Bloody Friday following President Jacob Zuma’s midnightly cabinet reshuffle.
Azar Jammine thinks the incredibly far-reaching Cabinet reshuffle suggests that President Zuma has replaced all his opponents within the Cabinet with persons likely to reciprocate his patronage.
What has happened is that the emperor has taken off his ANC garments and his real colours are showing. He is a sly and corrupt tribalist with a penchant for power and shady friends, writes Marius Oosthuizen.
Anthea Jeffery says South Africa’s real problem is much wider and deeper than what President Jacob Zuma has done this week.
Many South Africans work in income tax-free countries like the UAE and there are steps you can take to ensure you don’t land up paying tax on your foreign earnings.
Today is a day of mourning and sadness. South Africa has lost a world leader, a man of morality, untarnished honesty, self-sacrifice and integrity – Ahmed Kathrada.