Corruption at SOE's and Zuma's leadership will influence ratings agencies

Deputy President Cyril Ramaphosa has indicated that he will meet with ratings agencies next month to assure them that Government is working towards a stable labour environment. This after he announced a R3 500 minimum wage.

Chief executive at Pan African Holdings, Iraj Abedian spoke to Ray White (standing in for Stephen Grootes) about some of the factors ratings agencies will look at.

They will look at government finances and asking is government living within it's means and is it using limited resources to deal with poverty and infrastructure.

Iraj Abedian, Executive Chairman at Pan-African Capital Holdings

State enterprises which shows fiscal sustainability is in absolute chaos if you look at the SABC and Eskom. Zuma says he knows of corruption but he hasn't dealt with issues. We keep putting process upon process and hoping that process will resolve issues.

Iraj Abedian, Executive Chairman at Pan-African Capital Holdings

Ratings agencies are going to say how much time do you need to clean up the board at Eskom, SABC or anywhere else where abuse is taking place.

Iraj Abedian, Executive Chairman at Pan-African Capital Holdings

Abedian said National Treasury has done a good job and will be comfortable telling their side of the story to ratings agencies.

Listen here to what Abedian has to say about the National Prosecuting Authority (NPA) and it's poor governance issues.

Read More
Commission proposes no pay hikes for Zuma, MPs and judges

Commission proposes no pay hikes for Zuma, MPs and judges

A commission has recommended that senior public office bearers not receive salary increases in the next financial year.

Hlaudi Motsoeneng to challenge Mthembu defamatory claims

Hlaudi Motsoeneng to challenge Mthembu defamatory claims

ANC Chief Whip sues SABC's Hlaudi Motsoeneng over 'defamatory and damaging comments', but Motsoeneng will defend his statements.

Parliamentary ad hoc committee to probe SABC board's fitness

Parliamentary ad hoc committee to probe SABC board's fitness

There is only one member of SABC board left but committee says as long as there is still one member, the inquiry will continue.

Molefe did the right thing by resigning from Eskom - energy expert

Molefe did the right thing by resigning from Eskom - energy expert

Energy expert Chris Yelland predicts new CEO will not come from Eskom board or executive management as they are compromised.

Madonsela report makes no adverse findings against Molefe - law expert

Madonsela report makes no adverse findings against Molefe - law expert

Eskom CEO Brian Molefe is resigning, claiming the report's observations harmfully damaged his and the power utility's reputation.

Popular articles
Pick n Pay's magnificent 7 errors with Super Animals cards

Pick n Pay's magnificent 7 errors with Super Animals cards

Pick n Pay has been alerted by customers to errors on the latest Super Animals cards.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Budget 2017: DA hoped for spending cuts, not tax increases

Budget 2017: DA hoped for spending cuts, not tax increases

The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

Stephen McGowan's family still hoping for his return after 2011 Mali abduction

Stephen McGowan's family still hoping for his return after 2011 Mali abduction

The Gift of The Givers and the government are both working to secure his release.

5 most important years in anyone’s life (when it comes to investing)

5 most important years in anyone’s life (when it comes to investing)

How old are you? Financial advisor Warren Ingram discusses the five most important ages in anyone’s investment career.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 reasons why the tourism industry is sceptical about the latest numbers

5 reasons why the tourism industry is sceptical about the latest numbers

The tourism industry is questioning the veracity of the surprisingly upbeat tourism figures and the timing of their release.