5 important things happening in South Africa today

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

  • The International Monetary Fund says that South Africa’s debt levels are reaching uncomfortable levels – approaching the rating agencies’ ‘red line’ of 60% of GDP – but says it does not yet see the need for the country to approach it for a bailout, nor has it requested one. Several commentators have mentioned an IMF bailout as been a near-term possibility for South Africa, as it struggles with low economic growth, rising unemployment, and crumbling state companies. [CNBC Africa]
  • Public Protector Busisiwe Mkhwebane has been ordered to pay 7.5% of costs in her personal capacity in another scathing judgement handed down by the High Court, this time in relation to her report on the Estina dairy project. The Judge in the matter said Mkhwebane was guilty of gross negligence in compiling the report, which was deemed a whitewash that ignored the role of the Guptas, Ace Magashule and Mosebenzi Zwane – key players in the project. [Daily Maverick]

Must Read

Partner Content

Show comments

Trending Now

Follow Us

5 important things happening in South Africa today