Ratings agency Moody's on Friday night kept South Africa's sovereign debt at above investment grade, and changed its outlook to stable. "The recovery of the country's institutions will, if sustained, gradually support a corresponding recovery in its economy, along with a stabilization of fiscal strength." the agency said in a credit rating announcement. …Read more South Africa Surprises by Overcoming the Odds, Avoids Downgrade.
President Cyril Ramaphosa has announced the return of Nhlanhla Nene as finance minister of South Africa. The president wasted little time in bringing about effective change in the country's ministerial positions in an effort to shake things up from the cabinet of Former South African President Jacob Zuma, in what he terms as a "New…Read more South Africa’s New Finance Minister for a “New Dawn”