Falling revenues and a recession mean South Africa will struggle to finance public services, the National Treasury said on Tuesday, as ratings agency Moody’s warned of the risks of rising government debt.
Rating agency Moody’s says the successful implementation of structural reforms along with the reduction in government debt could lead to an upgrade in the country’s sovereign rating.
President Cyril Ramaphosa has postponed his visit to the Democratic Republic of Congo.
The DA said the statement issued by the President on this matter does not provide clarity on his involvement.
South African President Cyril Ramaphosa on Monday rejected a newspaper report that he failed to stop 1.9 billion rand ($132 million) being illegally siphoned from VBS Mutual Bank.
Page 1 of 163
SABC © 2018