5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today:

  • While president Cyril Ramaphosa is on the right path, South Africa won’t crawl out of junk status until there are actual outcomes to positive economic policies – such as stronger economic growth and certainty on the country’s land reform agenda, says S&P. Ratings firm S&P Global held South Africa’s rating at junk with a stable outlook on Friday. [S&P]
  • Preliminary findings from the investigation into VBS Mutual Bank’s decline show that politically connected middle men, who convinced municipalities to pump their money into the bank, earned massive commissions for doing the job. Some local politicians bypassed councils and proper processes in signing off the funds, it was heard. [Times Live]

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5 important things happening in South Africa today