In The News South Africa

Gigaba signs FIC Amendment Act

JOHANNESBURG, June 14– Finance Minister Malusi Gigaba signed and gazetted various provisions of the Financial Intelligence Centre (FIC) Amendment Act, National Treasury said on Tuesday. “Commenting on the signing of the Act, Minister Gigaba said it was critical for government to accelerate the implementation of the Act as it demonstrated government’s commitment to the fight […]

In The News South Africa

Moody’s downgrades South Africa

WINDHOEK, June 10 – Moody’s Investors Service downgraded South Africa’s rating to Baa3 on Friday, and assigned a negative outlook. Moody’s also downgraded the government’s senior unsecured short-term program rating to (P)P-3 from (P)P-2. The rating actions conclude the review for downgrade that commenced on April 3. National Treasury noted the downgrade on Friday and called […]