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South Africa’s ‘junk’ status comes with a R30 billion price tag

An improved credit rating could save the government roughly R30 billion on interest payments over the next five years, enough to build around 10 district hospitals. However, for the time being, South Africa will remain stuck in “junk status” territory, where it has been since 2020, as rating agencies remain sceptical of the country’s economic […]

Government wants NHI while public hospitals are collapsing

The government is committed to implementing the National Health Insurance (NHI) scheme as envisaged, despite evidence of the public healthcare system falling off a fiscal cliff. South Africa’s public healthcare sector is sitting on contingent liabilities totalling R120 billion, with the state paying out nearly R2 billion in damages per financial year. Sam BusaURL

Cyril Ramaphosa’s message to the United Nations

South African President Cyril Ramaphosa urged the United Nations to reassert itself in global affairs to safeguard democracy that’s under threat from resurgent nationalism, conflict and widening inequality. Ramaphosa’s remarks highlight a broader push by emerging economies to challenge what they see as selective enforcement of global rules by major powers. Sam BusaURL

Magnus Heystek’s message to anyone choosing to stay in South Africa

Heystek’s message was that there may be short-term opportunities in South African markets, but long-term capital should still be positioned globally. He noted that he will not bring a cent of his own money back to South Africa. “As far as I’m concerned, it still remains offshore with your long-term capital,” he said. Sam BusaURL