South Africa has the most advanced infrastructure in the continent, but its commodities-dependent economy has been in a slump for a decade.
In 2017, two of the world's leading ratings agencies S&P Global and Fitch downgraded the country to sub-investment levels. Despite the emergence of a black middle class, 20-percent of black households live in extreme poverty, against 2.9-percent for white households, according to the South African Institute of Race Relations.
Zuma himself is facing trial for alleged corruption relating to a multi-billion-dollar arms deal in the 1990s. He has to balance pressure from the ANC's left and the EFF for expropriation with the need to avoid Zimbabwean-style evictions that would be economically ruinous.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: eNCA - 🏆 49. / 51 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
The five labours of Cyril RamaphosaSouth Africa has the most advanced infrastructure in the continent, but its commodities-dependent economy has been in a slump for a decade.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
The five labours of Cyril RamaphosaNewly-elected South African President Cyril Ramaphosa faces herculean tasks after he gets down to work after Saturday's inauguration.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Oupa Magashula also takes public protector to task over reportFormer head of the SA Revenue Service Oupa Magashula and Freedom Under Law (FUL) are dismayed by the public protector's findings on the pension payout made to former Sars deputy commissioner Ivan Pillay.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Oupa Magashula also takes public protector to task over report“The indecent haste with which the Public Protector then made public her findings on the 24th of May 2019 is in our client’s view an indication of the fact that little and/or no regard was had to the evidence and supplementary submissions,” Viljoen said. Who cares? Hands-up if you trust this public protector please! 👎👎👎 Do not think the Public Protector has the brains to do this on ger own. She is just a puppet doing what it is told
Source: SowetanLIVE - 🏆 13. / 63 Read more »
ANC MPL lays charges against Twitter user over anti-Ramaphosa claimsWestern Cape ANC politician Cameron Dugmore on Friday laid a charge against the anonymous 'nothelenzille' Twitter account, which he accused of spreading defamatory and scurrilous claims about him. Now that Western Cape ANC has failed to win the Province 'back', they want to take it out on unsuspecting Twitter users, you won't ever set your dirty hands on WC again ANC people, the sooner you get this into your jumble boxes, the better, oh, sue me if you want!!!🙏🙏 We need more of this they lie about dont talk go to court and sue If the biscuit can't take the heat, piss off from twitter.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: IOL - 🏆 46. / 51 Read more »