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South Africa

Government notes Fitch rating decision

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Government has noted rating agency Fitch’s decision to affirm South Africa’s long-term foreign and local currency debt ratings at ‘BB+’ and maintain the negative outlook.

No load shedding in four consecutive days

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With a drop in demand during the holiday period and a return of some generating units to service, Eskom is not expecting to implement load shedding today.

Road safety efforts lauded

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With the festive season in full swing, Transport Minister Fikile Mbalula has commended law enforcement officials for their road safety efforts thus far.

New Eskom CEO could take up reins sooner

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Cabinet has mandated Public Enterprises Minister Pravin Gordhan to engage the newly-appointed Eskom chief executive, Andre de Ruyter, on the possibility on commencing in the role earlier than anticipated.