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Tag Archives: world news

UPDATE: SAVE SA Pretoria protest

Save South Africa supporters have started to wake up after sleeping at Church Square in Pretoria where they held a night vigil. Security at the Union Building has been beefed up. For more news, visit: http://www.sabc.co.za/news source

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Treasury reacts to SA’s junk status

Treasury has responded to the news that South Africa has been downgraded to junk status by rating agency, Standard and Poor’s. It says the status has lowered the country’s sovereign rating which affects debt denominated in foreign currency For more news, visit: http://www.sabc.co.za/news source

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Rand takes a huge knock following S&P downgrade

Treasury has responded to the news that South Africa has been downgraded into junk status by ratings agency Standard and Poor’s. It says that while S and P has lowered South Africa’s sovereign rating which affects debt denominated in foreign currency, the debt that is in rands retains an investment …

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Reactions as Standard & Poor’s downgrades SA to junk status

Ratings agency Standard and Poor’s has downgraded South Africa to junk status. This follows a hotly debated and protested cabinet reshuffle last Thursday that rattled investors and plunged the rand. For weeks there were fears that political uncertainty would trigger a downgrade in the country. For more news, visit: http://www.sabc.co.za/news …

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Save SA march against cabinet reshuffle – Cape Town

Civil society groups and religious organisations, under the banner, Save South Africa, have gathered outside Parliament in Cape Town to voice their anger at the axing of several ministers, including Finance Minister, Pravin Gordhan and his deputy, Mcebisi Jonas. The group says as ordinary citizens they want to send a …

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South Africa in the past few days

On Monday the ANC top 6 leadership spent time in a meeting at Luthuli House. This meeting came after the cabinet reshuffle that took place on Thursday last week. The meeting was expected to deal with the current situation, with secretary-general Gwede Mantashe, Deputy President Cyril Ramaphosa and treasurer-general Zweli …

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A call for all South Africans to save the country

Calls for President Zuma to step down are gaining momentum in some quarters. Civil society has once again called on South Africans to stand up and save the country. Various civil rights organisations, led by “Save South Africa”, took to the steps of Treasury in Pretoria to intensify their calls …

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South Africa’s image dented with latest political developments

Political developments surrounding President Jacob Zuma’s axing of finance Minister Pravin Gordhan and his deputy Mcebisi Jonas, have dented South Africa’s image in Africa and Abroad. That’s according to political commentators and captains of industry in the country. They were reacting to opposition parties announcing that they will hold joint …

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Cabinet reshuffle reactions: Johannesburg

South Africa’s rand plunged five percent Friday after President Jacob Zuma sacked his finance minister and made ten new cabinet appointments in a dramatic reshuffle that has fuelled fears of a split in the ruling African National Congress (ANC). For more news, visit: http://www.sabc.co.za/news source

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SACP confirms Zuma’s reshuffle intentions

The South African Communist Party has confirmed that President Jacob Zuma has informed them of his intention to reshuffle his Cabinet and get rid of Finance Minister Pravin Gordhan and his deputy, Mcebisi Jonas. This was disclosed at an SACP media briefing in Johannesburg Thursday. The SACP says it also …

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DISCUSSION: Cabinet reshuffle

South African President Jacob Zuma has appointed Malusi Gigaba as the country’s new Finance Minister, replacing Pravin Gordhan who was sacked in a cabinet reshuffle, a statement from the President’s office just after midnight on Friday morning confirmed. For more news, visit: http://www.sabc.co.za/news source

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New Communications Minister Ayanda Dlodlo wants stability at SABC

New Communications Minister Ayanda Dlodlo wants stability in the SABC. She decried the mass resignations at the public broadcaster. Dlodlo and former Communications Minister Faith Muthambi were at a digital migration campaign in the North West. Newly appointed Public Service and Administration Minister Faith Muthambi says she has no regrets …

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“I am still Finance Minister”: Gordhan

Has Pravin Gordhan resigned or not? That was the central question today as the beleaguered Finance Minister returned home prematurely from selling SA abroad. He told journalists later he was still Finance Minister. The minister returned to the country this morning after being instructed to leave an investor campaign promoting …

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