5 important things happening in South Africa today

Current news all over the newspapers, television, blogs, online newpapers and magazines reveal five (5) important things happening in South Africa currently;

  • Ratings firm Moody’s has warned that Eskom’s capital structure is unsustainable, and the power utility urgently needs a turnaround plan.;
  • Public Protector Busisiwe Mkhwebane will not be opposing President Cyril Ramaphosa’s bid to interdict her report against him regarding the funding of his CR17 campaign;
  • The South African population is growing, but GDP is not, resulting in the country as whole getting poorer year on year;
  • EFF leader Julius Malema says he is not responsible for the actions of his supporters.
  • South Africa’s rand weakened to two-month lows in late afternoon trade on Tuesday 06 August, giving up gains earlier in the session.

 
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Source: 
Business Tech

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