Standard & Poor’s has downgraded South Africa's sovereign credit rating to “junk” status.
The rating agency says the decision has been taken on the back of political and institutional uncertainty after President Jacob Zuma announced his Cabinet reshuffle in which Pravin Gordhan was axed.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
There are many levels to go down. This is not the bottom.— Christie Viljoen, KPMG
There’s no positive comment.— Christie Viljoen, KPMG
Treasury [the new team] doesn’t acknowledge that we have a problem.— Christie Viljoen, KPMG
With this; the pace of job creation will remain too slow.— Christie Viljoen, KPMG
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Dracore Data Services CEO Chantelle Fraser.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Bruce Whitfield interviews Peter Hain (Wits Business School) and Steven Powell (Director in Forensics at ENS Africa).
The rating agency says the decision was taken on the back of political and institutional uncertainty.
Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.
Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.
Mashaba is also on a mission to identify owners of buildings in the city centre that he says are harbouring criminals.
ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?