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.


Recommended

by NEWSROOM AI
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
'I’ve never invested in the stock exchange. I know it too well'

'I’ve never invested in the stock exchange. I know it too well'

Bruce Whitfield interviews Prof Lorenzo Fioramonti (UP) about his attitude toward money (hopes, fears, successes, failures, etc.).

Feasibility study for Gautrain expansion completed but no approval yet

Feasibility study for Gautrain expansion completed but no approval yet

MEC for Transport Ismail Vadi says the feasibility study has been submitted to Treasury for consideration and formal approval.

Magashule has never taken responsibility for anything says Mxolisi Dukwana

Magashule has never taken responsibility for anything says Mxolisi Dukwana

Dukwana accuses Magasshule of taking him to Saxonwold and asking him to sign a project over to the Guptas for R2 million a month.

Judge in Omotoso case dismisses defence application to recuse himself

Judge in Omotoso case dismisses defence application to recuse himself

Judge Mandela Makaula has dismissed the defence application saying it has no merit.

'As long as I'm mayor, I'm not going to sit back and watch criminals take over'

'As long as I'm mayor, I'm not going to sit back and watch criminals take over'

City of Johannesburg Executive Mayor Herman Mashaba says criminals cannot be allowed to threaten service delivery in the city.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.