Deeper into junk; SAA strike over; ME arms exports blocked; Zuma must get his day in court
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In today's business headlines:
South Africa could fall deeper into junk territory after Standard & Poor's Global Ratings agency cut the outlook on its assessment of the nation’s debt to negative, citing slow growth, the upwardly revised fiscal deficit and a growing debt burden.
South African Airways restored a full flight service yesterday. It follows after agreement was reached in the industrial dispute between the airline and three of its largest unions ending an eight day strike.
South Africa is blocking arms sales to Middle Eastern countries, including the United Arab Emirates, Saudi Arabia, Oman and Algeria due to an inspections dispute.
The state has asked the Pietermaritzburg High Court to avoid further delays so that former President Jacob Zuma can stand trial as soon as possible.
Former New York Mayor Michael Bloomberg has announced he is running for the Democratic Presidential nomination; and
The UK Spectator magazine’s index of female graduates in science, technology, engineering and maths, the so-called STEM subjects put South Africa second on the list beating several Western countries.
South Africa could fall deeper into junk territory after Standard & Poor's Global Ratings agency cut the outlook on its assessment of the nation’s debt to negative, citing slow growth, the upwardly revised fiscal deficit and a growing debt burden.
South African Airways restored a full flight service yesterday. It follows after agreement was reached in the industrial dispute between the airline and three of its largest unions ending an eight day strike.
South Africa is blocking arms sales to Middle Eastern countries, including the United Arab Emirates, Saudi Arabia, Oman and Algeria due to an inspections dispute.
The state has asked the Pietermaritzburg High Court to avoid further delays so that former President Jacob Zuma can stand trial as soon as possible.
Former New York Mayor Michael Bloomberg has announced he is running for the Democratic Presidential nomination; and
The UK Spectator magazine’s index of female graduates in science, technology, engineering and maths, the so-called STEM subjects put South Africa second on the list beating several Western countries.
