The number of coronavirus (COVID-19) cases South Africa surpassed 100 000 his week. The National Treasury provided insight into SA’s budget as the virus continues to dent the country’s economy.
Government has expressed disappointment over global ratings agency S&P to lower South Africa’s long term foreign and local currency debt ratings further into non-investment grade to ‘BB-’ and ‘BB’ respectively.
National Treasury is changing its COVID-19 emergency procurement rules after concerns that the Disaster Management Central Emergency Procurement Strategy excluded a number of domestic suppliers.
The South African government says that it has noted Finch’s decision to downgrade SA’s long-term foreign and local currency debt ratings further into non-investment by one notch from BB+ to BB.
The Minister of Cooperative Governance and Traditional Affairs, Nkosazana Dlamini-Zuma says the country’s municipal funding model should be changed