Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
Johannesburg - The National Treasury has given the thumbs down to a decision by Fitch Ratings to downgrade South Africa's outlook to negative from stable.
It notes that the Fitch Ratings Agency suggests that if South Africa's growth slows down as it predicts it will be hard for the authorities to maintain sound macroeconomic and fiscal policy.
"This is not supported by our recent history and overlooks certain material facts about the current macroeconomic and fiscal frameworks," said the Treasury in response to the news, which came through in the early hours of this morning.
The Treasury does not feel an actual rating downgrade is going to happen as economic fundamentals are sound.
- I-Net Bridge