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Official Rand Show Statement – COVID-19
Date: 16 March 2020 OFFICIAL RAND SHOW STATEMENT: As one of this country’s longest running events, we’ve been through a lot, standing side by side with our fellow South Africans. We are an integral part of the community and it’s spirit. After listening to President Cyril Ramaphosa’s address yesterday and in the best interests of our…
Live Webinars During Lockdown
LEARN THEN ACT Free Webinars During South Africa’s Lockdown Click here to learn more In these challenging times, Quick Buy Invest is quickly evolving to meet our buyer investor partners. Our business hasn’t stopped, only changed. In these changing times, Quick Buy Invest is hosting Free Webinars for you to Learn To ACT. These aren’t…
City of Johannesburg Cancels Corrupt R161 Million Fire Engine Contract
The City has decided to cancel a R161 million contract for the provision of fire engines after it was discovered that the tender was awarded on the basis of forged Bid Evaluation Committee (BEC) documents. The agreement, entered into in 2015, was allegedly entered on condition that the contractor furnished the City with a performance…
Department of Higher Education, Science and Innovation – Amended Directions
The Department of Higher Education, Science and Innovation has published amended directions in terms of regulation10(8) of the Regulations issued in terms of the Disaster Management Act, No. 57 of 2002. The Minister hereby amends the Directions published under Government Notice No. 468 in Government Gazette No.43237 of 17 April 2020. The purpose of the amended…
Medium-Term Budget Policy Statement Provides an Honest Perspective on the Grave State of our Public Finances
Date: 25 October 2017 The Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Malusi Gigaba, today, is an honest reflection of the grave state of our public finances but lacks sufficient detail to bring confidence and greater certainty to the economy, Business Unity South Africa said today. “We welcome the acknowledgement by the Minister…
Nedbank – Ratings Actions November 2017
Key points S&P Global has downgraded the South African long‐term local currency sovereign credit rating to subinvestment grade BB+ (stable outlook) from BBB‐ and the long‐term foreign currency sovereign credit rating to BB (stable outlook) from BB‐. This followed the earlier foreign currency debt downgrade to junk status in April. Moody’s has left its equivalent…