International relations
[Source: Business Day by Brian Cantor.]
The good news is that the market value of assets held abroad by South Africans as direct investments and in portfolios offshore (R5.65-trillion at 2017 year-end) now closely matches the value of South African assets owned by foreigners. Read more
[Source: Business Day by Amil Umraw.]
Former Treasury director-general Lungisa Fuzile told the state capture inquiry on Monday that if former president Jacob Zuma’s proposed “nuclear deal” had gone through‚ the government would have breached the expenditure ceiling it set for itself. Read more
[Source: Daily Maverick by Ramabina Mahapa.]
It is not just the government that has failed. Mining companies have usurped land belonging to rural communities without due regard for their property rights. Read more
[Source: Business Day – Editorial.]
The Venezuelan crisis has again raised a choice for SA’s diplomats and they have, once again, fluffed it. Read more
[Source: Fin 24 by Tehillah Niselow.]
Moody’s Investor Services is likely to downgrade South Africa’s sovereign credit rating to below investment grade in 2019 “unless something significant happens”, with tax collection below projections and a possible Eskom bailout on the cards, according to PricewaterhouseCoopers. Read more