Twitter is abuzz with news that the rand has recovered substantially. This is below the psychological barrier of R13, and well off its recent lows.
The second of the big three international ratings agencies has moved, with Fitch downgrading SA to junk.
The second of the big three international ratings agencies has moved, with Fitch downgrading SA to junk.
South Africa’s local currency was relatively unchanged after lunchtime on Friday, despite thousands taking part in an anti-Zuma protest.
Moody’s Investors Service says it is replacing SA on review, and may downgrade the country.
The National Treasury says, after SA was downgraded to junk, it will continue to work with stakeholders.
Gupta-owned Oakbay Investments, which is embroiled in a legal battle with Minister of Finance Pravin Gordhan, will continue to fight his legal bid.
Oakbay Investments has hit back at Finance Minister Pravin Gordhan, claiming he deliberately went on a smear campaign after it.
Lawyers acting on behalf of Oakbay Investments – which is owned by the controversial Gupta family – file an affidavit with the Pretoria High Court.
FINANCE Minister Pravin Gordhan is set to present what many view as his most important mini-budget yet in Parliament tomorrow afternoon.