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African News Agency

SA downgrade communicated last week – Gigaba

4th April 2017 Finance Minister Malusi Gigaba on Tuesday said he was informed of Standard and Poor (S&P) Global’s decision to cut South Africa’s sovereign credit rating to junk status last week, on his first day as finance minister. “When I spoke on Saturday, I indicated that I had spoken to Moody’s and Fitch,... 

Zuma says SA remains committed to fiscal consolidation

4th April 2017 The South African government remains committed to fiscal consolidation, President Jacob Zuma said on Tuesday as calls for his resignation grew louder in the wake of Standard and Poor (S&P) Global downgrading the country to junk status. Zuma said he had instructed Finance Minister Malusi Gigaba to... 

Calls for Zuma’s head increase after S&P downgrades South Africa to junk status

4th April 2017 Pressure mounted on President Jacob Zuma to resign on Monday night as political parties laid South Africa’s downgrade to junk status by Standard and Poor’s (S&P) squarely at his feet. The country’s biggest opposition party, the Democratic Alliance (DA), described the downgrade as a vote of no... 

Sars collects R1.1tr tax revenue

3rd April 2017 The South African Revenue Services (Sars) announced on Monday a R1.144-trillion preliminary outcome for revenue collection for the 20176/17 tax year. This means that Sars broke the trillion rand mark for the second year in a row, in gross terms standing at R1.367-trillion. Sars said this outcome... 

Handover meeting between Gordhan and Gigaba postponed

3rd April 2017 National Treasury on Monday announced that the handover meeting between outgoing Finance Minister Pravin Gordhan and incoming Minister Malusi Gigaba had been postponed. In a terse statement on Twitter, Treasury said the meeting was postponed to allow the South African Revenue Services (Sars) to... 

I’m unashamedly encouraging mass mobilisation, says Gordhan

1st April 2017 A defiant former Finance Minister Pravin Gordhan on Saturday encouraged mass mobilisation in the wake of President Jacob Zuma’s much maligned Cabinet reshuffle that saw him and his deputy Mcebisi Jonas fired along with several other ministers. Speaking at a memorial service in Johannesburg for... 

Ramaphosa rejects suggestions he has resigned

1st April 2017 Deputy President Cyril Ramaphosa on Saturday rejected the “spread of falsehood and misinformation” that he has resigned from his official position as deputy president of South Africa. “There is no truth to the dissemination of this falsehood,” his spokesperson Ronnie Mamoepa said. 

‘I will not betray our people,’ says Gigaba

1st April 2017 Newly appointed Finance Minister Malusi Gigaba on Saturday appealed to South Africans to give him the opportunity to steer the National Treasury ship and judge him on his own record of service in the new post. “The people of this country, the long suffering ordinary citizens, are relying on their... 

Gordhan is inciting a revolution – eThekwini ANCYL

31st March 2017 The African National Congress Youth League (ANCYL) in eThekwini Region has accused outgoing Finance Minister Pravin Gordhan of inciting a revolution, saying that it was extremely concerned at the nature and content of his media briefing. “Never in a million years did we imagine a day where a... 

Teacher union lashes Zuma over Muthambi appointment

31st March 2017 The South African Democratic Teachers Union (Sadtu) on Friday accused President Jacob Zuma of “rewarding mediocrity” after he moved Faith Muthambi from the communications ministry to become the new Minister of Public Service and Administration through a cabinet reshuffle that has drawn wide... 

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