Here’s what is happening in and affecting South Africa today:

  • The World Bank’s move to cut South Africa’s growth forecast for 2020 to below 1% is bound to put even more pressure on South Africa’s final investment-grade rating from Moody’s, economists warn – making a downgrade to full junk even more likely. Moody’s has stated that slow growth is one of the biggest negative factors acting against South Africa, with the group expecting 2020 growth at between 1% and 1.5%. It is set to review South Africa’s rating in March, after the Budget speech. [Fin24]
  • Finance minister Tito Mboweni has emerged as a strong advocate for the full legalisation of cannabis, saying that he will put forward a proposal to cabinet to that effect. This comes after a candid survey of responses to a thread of tweets on his Twitter profile. The Constitutional Court ruled that the private use of cannabis was legal in September 2018 and gave lawmakers two years to bring the country’s laws in line with the ruling. Parliament has yet to do so, with the deadline less than nine months away. [Daily Maverick]
14 thoughts on “5 important things happening in South Africa today”
  1. Greetings from Los angeles! I’m bored to tears at work so I
    decided to check out your blog on my iphone during lunch break.
    I enjoy the knowledge you present here and can’t wait to
    take a look when I get home. I’m amazed at how
    quick your blog loaded on my mobile .. I’m not even using WIFI, just 3G ..
    Anyhow, superb site!

  2. I do not even know how I ended up here, but I thought this post was good. I don’t know who you are but certainly you are going to a famous blogger if you are not already ? Cheers!

  3. I simply couldn’t go away your web site before suggesting that I actually loved the usual information a person supply to your visitors? Is gonna be again frequently in order to check out new posts

  4. Awesome write-up. I’m a normal visitor of your web site and appreciate you taking the time to maintain the excellent site. I’ll be a frequent visitor for a long time.

  5. My spouse and I absolutely love your blog and find a lot of your post’s to be just what I’m looking for.
    can you offer guest writers to write content for
    you personally? I wouldn’t mind publishing a post or elaborating on most of the subjects you write related to here.

    Again, awesome web site!

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

error: Content is protected !!