# Fitch Ratings has anticipated South Africa’s debt and gross domestic product will stabilise over the next two years at around 80-percent of GDP including local government debt, well above the 2027 ‘BB’ median of 53-percent. It says debt stabilisation is due to improved fiscal performance and stock-flow adjustments with drawdowns on deposits and lower discounts at issuance, the […]
# Fitch Ratings has upgraded South Africa’s long-term issuer default rating to ‘BB’ from ‘BB-‘ and the outlooks are stable. It says the upgrade primarily reflects South Africa’s record of prudent fiscal management and progress on fiscal consolidation, despite weak economic growth and domestic and external shocks. Fitch Ratings says together with gross domestic product revisions, this leaves […]
# Union federation Cosatu applauds the strong support given to South Africa’s efforts to achieve employment equity, by the International Labour Organisation’s Committee for the Application of Standards. This follows a case advanced by Business Unity South Africa, alleging non-consultation on the Employment Equity laws. Cosatu’s Matthew Parks says key to unlocking economic growth is […]
# The Public Servants Association says it is concerned about the ongoing Technical and Vocational Education and Training placement crisis. More than 30-thousand students are still awaiting workplace training opportunities. PSA’s Claude Naicker says the problem is exacerbated by the fact that there are about 165-thousand students whose certificates are withheld by tertiary institutions of […]
# The Tshwane Metro Police Department says its enforcement actions to improve road safety, ensure compliance with public transport regulations, and protect commuters are continuing to yield positive results. The TMPD Public Transport Unit impounded 38 vehicles for operating without valid permits in targeted operations in Atteridgeville and the Pretoria CBD this week. TMPD says […]
# The DA has welcomed the Special Investigating Unit’s probe into alleged maladministration and unlawful conduct by the Private Security Industry Regulatory Authority and the Unemployment Insurance Fund. It will look into the procurement and contracting of training services. Spokesperson Ian Cameron says public money meant to help unemployed citizens was placed into a project […]
# The Freedom Front Plus is alarmed because three of the City of Johannesburg’s wastewater treatment works are responsible for approximately 90-million litres of untreated sewage flowing into rivers every day. Untreated sewage is carried southwards via the Klip River, while the bulk flows northwards to the Hartbeespoort Dam via the Jukskei River. Spokesperson Cor Boer […]
# The South African Police Service has fired suspended organised crime head, Richard Shibiri, following a disciplinary process last month. Evidence presented before the Madlanga Commission of Inquiry suggested that Shibiri accepted a payment of between 70-thousand-rand and 80-thousand-rand from murder-accused Vusimuzi ‘Cat’ Matlala. Evidence also linked him to alleged interference in several high-profile criminal […]
# Union federation Cosatu has expressed gratitude to minister of Employment and Labour, Nomakhosazana Meth, for effectively intervening in Pick n Pay’s mooted retrenchment of more than 22-thousand workers. The minister recently convened the national leadership of Cosatu, SACCAWU, and top Pick n Pay executives, where she was successful in steering the parties toward common ground. […]
