South Africa in the news:
- South Africa’s ruling party backs embattled president: JOHANNESBURG (AP) — South Africa’s ruling party gave a boost to the embattled president on Wednesday, saying an opposition effort to force his resignation after he fired the finance minister would fail. Gwede Mantashe, secretary-general of the African …: “South Africa” – BingNews
- Public enterprises played a big part in South Africa’s credit ratings downgrade: With the broader implications of last week’s Cabinet reshuffle still being digested, capital markets have been quick to react. It took only a few days for S&P to formally report on its rating action in which it downgraded South Africa’s foreign …: “South Africa” – BingNews
- ADM to close South Africa trading desk in further business shake up: LONDON – Archer Daniels Midland Co (ADM) plans to close its South African trading desk, the company said on Wednesday, in a further shake up as the Chicago-based agribusiness grapples with volatile global grain markets. ADM said in a statement it had …: “South Africa” – BingNews
- Koeberg generates R29bn towards Western Cape’s GDP: Koeberg currently supplies approximately 5.6% (1,860 MW) of the power used in South Africa and 50% of the Western Cape’s energy demand. “According to KPMG, between 2013 and 2016, Koeberg contributed R29 billion to the GDP of the Western Cape Province …: “South Africa” – BingNews
- Anti-Zuma march organisers ‘threatened’ by ANCYL members: A motion of no confidence debate in President Zuma will be held on 18 April in Parliament. The decision has seen South Africa’s sovereign credit rating being downgraded to junk by ratings agency S&P Global. It also emerged that Moody’s has placed Eskom …: “South Africa” – BingNews