Late Friday night Moody's released its rating for South Africa and reaffirmed its sovereign debt rating at investment grade.
It even improved its outlook from negative to stable, but stated policy ineffectiveness could “… undermine confidence, growth and social cohesion, with inevitable consequences for the country’s balance sheet”.
The Monetary Policy Committee is expected... ››› more
President Ramaphosa announced a late-night cabinet reshuffle that has seen some key Ministry replacements, notably the return of Nhlanhla Nene to the finance ministry and Pravin Gordhan as Public Enterprises Minster.
One of the most important legislative changes made in the past week was the increase in offshore allocation in Regulation 28. African focused investments are now limited to a max... ››› more
I can remember my honeymoon like yesterday.
We were crazy in love.
And for months afterward this euphoric phase continued.
I could make no mistake in her eyes, nor she in mine. Everything was perfect.
Then suddenly reality struck. Our first big fight after getting married.
And suddenly we realized being married is tough, and the good times go hand in hand with the tough ones…... ››› more
According to a poll by Kantar Public, Cyril Ramaphosa's support as next ANC president rose to 43% in November from 36% in August. He is also leading the nominations, Ramaphosa has an over 500 branch lead. A lot can still happen in the next few weeks, so, watch this space. As the saying goes, plan for the worst, hope for the best.
Additional tail winds for a global rally is the traction being m... ››› more
After President Jacob Zuma's second inauguration yesterday, he revealed his new cabinet line-up. Perhaps not surprising was his appointment of Cyril Ramaphosa. Last year, Mr Ramaphosa took over as deputy president of the African National Congress (ANC). Now he's the deputy president of South Africa. Let's take a look at whether the new deputy president's appointment is good for the South African e... ››› more
With Cyril Ramaphosa retiring as non-executive director and chairperson of MTN yesterday to return to a career in politics, MTN Group's bringing back former chief executive Phuthuma Nhleko as its chairperson. Here's why this in management is nothing to worry about…
Phuthuma Nhleko was MTN’s chief executive for nine years before retiring in 2011 and letting Cyril Ramaphosa take over a... ››› more
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