Top news items in major S. African media outlets

0 Comment(s)Print E-mail Xinhua, November 24, 2018
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CAPE TOWN, Nov. 24 (Xinhua) -- The following are news highlights in South African major news outlets on Saturday.

-- Rating agency Standard & Poor's on Friday evening kept South Africa's sovereign credit ratings unchanged at non-investment grade.

S&P affirmed the country's long-term local currency debt at BB+, the first notch of sub-investment grade. It kept the country's long-term foreign currency rating at BB, two notches below investment grade. (Fin24)

-- The Democratic Alliance (DA) said on Friday it had laid a complaint with the Public Protector to investigate the relationship between President Cyril Ramaphosa and controversial company BOSASA.

The company, now called African Global Operations, has distanced itself from the infamous 500,000 rand (about 36,000 U.S. dollars) donated to the African National Congress's presidential campaign. (Eyewitness News)

-- The National Minimum Wage Bill will come into effect on January 1, 2019, after President Cyril Ramaphosa signed it into law on Friday.

The legislation will benefit millions of workers who currently earn less than 3,500 rand (about 264 U.S. dollars) a month. (South African Broadcasting Corporation) Enditem

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