Off the wire
• Speeding truck crushes to death 4 children in India  • Dubai eyes tourism peak by joining hands with China's Xi'an  • Renowned Indian classical singer Kishori Amonkar dies at 86  • Chinese premier sends condolences to Russian PM over metro blast  • Russia's Far East receives nearly 8,000 compatriots in 2016  • China-Kazakhstan free trade zone sees 1 mln visitors in Q1  • Three Turkish soldiers killed in PKK attack in SE Turkey  • Urgent: Death toll in St. Petersburg metro attack rises to 14  • Indian president condoles loss of lives in terror attack on Russia's St Petersburg Metro  • 1st LD: 35 killed in airstrikes in northwest Syria's Idlib  
You are here: 　 Home

Top news items in major S. African media outlets

Xinhua, April 4, 2017 Adjust font size:

Deputy President Cyril Ramaphosa has urged South Africans to remain hopeful and support those who are trying to make South Africa great again.

In a clip on news website Eyewitness News on Monday, Ramaphosa said South Africans should not be fearful of events that were taking place. (Eyewitness News)

-- The credit downgrade to junk status by ratings agency Standard & Poor's (S&P) could have been avoided, said the CEO Initiative.

Following South Africa's downgrade from BBB- to BB+ on Monday, the CEO Initiative issued a statement expressing their disappointment, especially given that a number of "green shoots" had been appearing in the economy. This is due to the work done to restore confidence among investors and ratings agencies, through the collaboration between business, government and labor. (Fin24)

-- Moody's Investor Service has placed government's Baa2 rating on review for downgrade, a move likely to further shake investor confidence.

The move is said to be prompted by the abrupt change in leadership of key government institutions and comes after Standard and Poor's (S&P) downgraded South Africa to junk status.(South African Broadcasting Coroporation) Endit