South Africa has done enough to prevent its debt from being downgraded to junk by S&P Global Ratings and Fitch Ratings, Finance Minister Pravin Gordhan told Bloomberg TV on Wednesday.
Building South Africa's reputation in Africa will take effort from business and the government, as well as all South Africans, a research seminar on the nation's reputation hears. While South African businesses were respected in other African countries, South Africans were at times perceived as imposing and aggressive.
More than half of South Africa's population is urbanised – up to 64% of South Africans live in the country's urban centres. And most of these people are under the age of 40. Brand South Africa's research team has analysed the state of South Africa's major cities.
Finance minister Pravin Gordhan called on all South Africans to be resilient, committed and resourceful in his 2016 budget speech. Guided by the National Development Plan, Gordhan is prioritising education, infrastructure development and job creation this year. We look at some of the figures making up the 2016 Budget.
With strong measures introduced in the 2016 Budget to turn the South African economy around, business leaders have committed to work closely with the government to ramp up economic growth, create jobs and strengthen public finances.