Moody’s Investors Service (Moody’s) has affirmed South Africa’s government bond long and short term ratings of Baa2 and P-2 respectively, and has assigned a negative outlook.
Government will invest more than R1 billion to build and improve infrastructure for township economies in the next five years, says Premier David Makhura.
President Jacob Zuma says expanding the economy will take centre stage in the new administration.
The City of Cape Town, trade unions and a host of civil society organisations opposed Eskom’s request for an average annual increase of 16 percent over five years at Nersa’s hearings on Eskom’s tariff application.
Listed property unit trust Capital Property Fund said yesterday distributions for the year to December were 3,72% higher than the year before.
LISTED property unit trust Capital Property Fund, chaired by businessman Cyril Ramaphosa, is to acquire a large bundle of properties worth R760m from four key players in the property industry.

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