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Pushing ahead with nuclear deal will guarantee SA junk status, says DA

10th April 2017 It is an undeniable fact that South Africa cannot afford, and does not need, government’s planned nuclear energy deal, the Democratic Alliance (DA) said on Sunday. Media reports on Sunday that the nuclear deal was going full-steam ahead were extremely concerning and would essentially guarantee... 

Fitch downgrade – Treasury acknowledges ‘setback’

7th April 2017 Fitch Ratings agency on Friday downgraded South Africa to junk status, citing the removal of Pravin Gordhan as finance minister. Fitch said President Jacob Zuma’s decision to fire Gordhan last week, was likely to see a change in economic policy. 

Fitch downgrades SA to junk status

7th April 2017 Fitch Ratings agency on Friday downgraded South Africa to junk status, citing the removal of Pravin Gordhan as Finance Minister. Fitch said President Jacob Zuma’s decision to fire Gordhan last week, was likely to see a change in economic policy. 

Mars-bound Marais appointed SAP Head of Innovation

6th April 2017 SAP Africa, the software giant, has appointed prominent astronaut and multiple award winner, Dr Adriana Marais, as head of innovation. Based at head office in Johannesburg, South Africa, she will lead the Internet of Things (IoT) Lab, the Co-Innovation Lab initiatives, as well as other innovation... 

‘Break down in relationship’ between Zuma, Gordhan led to axing

5th April 2017 President Jacob Zuma sacked Finance Minister Pravin Gordhan because their relationship had irretrievably broken down, the African National Congress (ANC) said on Wednesday. ANC secretary Gwede Mantashe said the ANC national working committee (NWC) accepted Zuma’s reason of the breakdown in... 

Mali ratifies Kigali Amendment on phasing out greenhouse-gas emissions

5th April 2017 Mali has ratified the Kigali Amendment, a ground-breaking amendment to the Montreal Protocol to phase out hydro-fluorocarbons, a major source of greenhouse-gas emissions, the United Nations environment agency has announced. “We urge more countries to follow suit in order to protect our climate,”... 

US launches partnership with African electricity company

5th April 2017 The US Department of State, in partnership with the Edison Electric Institute (EEI), officially launched the African Utility Power Sector Exchange (AUPSE) on Tuesday with a summit in Washington, DC, attended by African and US utility CEOs. The summit was opened by acting Special Envoy and... 

Eskom and Botswana Power Corporation seal long-term power supply deal

5th April 2017 Eskom, which has excess capacity of about 4 000 MW, on Wednesday said it has signed a three-year “firm power supply agreement” with Botswana Power Corporation (BPC). The power utility said the move was is in line with its plan to increase electricity exports to neighbouring states. 

Downgrade a setback but no need for worry – Gigaba

4th April 2017 Finance Minister Malusi Gigaba on Tuesday said the decision by S&P Global to cut South Africa’s sovereign credit rating to junk status was a setback but there was no need for despondency regarding the matter. “We acknowledge that yesterday’s announcement was a setback. Despite our current... 

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,... 

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