Fitch downgrades South Africa's credit rating to junk status

Fitch downgrades South Africa's credit rating to junk status

Fitch downgrades South Africa's credit rating to junk status

Although Mr. Zuma's government has been tainted by corruption scandals, he has granted himself more room for manoeuvre by moving Malusi Gigaba from the Home Affairs Ministry to Finance, despite the latter's limited financial experience.

Zuma's African National Congress (ANC) also staged its own rallies.

Like S&P, Fitch blamed political instability for the downgrade, particularly President Jacob Zuma's decision to remove Pravin Gordhan as finance minister last week.

But supporters of Mr Zuma have also turned out to defend the president.

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The associate also said Jakubowski had made non-specific threats toward schools and public officials, according to the sheriff. Anyone with information about Jakubowski's location is asked to contact the Rock County Sheriff's Office, 608-757-7911.

Nobel Peace Prize victor Archbishop Desmond Tutu, one of Zuma's harshest critics, took part in a protest with a few others outside the retirement home where he and his wife are staying in Hermanus, a coastal town 120 km (76 miles) from Cape Town. His foundation posted a scathing tweet in his name: "We will pray for the downfall of a government that misrepresents us". About 300 camouflage-clad veterans of the ANC's now-disbanded Umkhonto we Sizwe (MKMVA ) military wing ringed the party's Luthuli House building in downtown Johannesburg, mounting mock parades and singing in support of the president.

"Friday's activities were a demonstration of strengthening democracy where citizens are engaged in shaping the public discourse". Some people with banners lined stretches of road or stood on overpasses; passing cars honked their horns.

While civil society representatives were delivering their speeches at the people's march in Pretoria, news of a ratings downgrade by Fitch started to filter through the crowd.

Protesters in the capital later marched to the seat of government, the Union Buildings, waving placards that read: "South Africa is not for sale".

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Industries that don't meet the requirements of the function of the capital will be moved to the Xiong'an New Area. Regional planning should be systematic, Zhang said, with stronger land, real estate and population controls.

"We are particularly pleased that the protests took place peacefully, and that no one was hurt", Masango said. Tutu was shown smiling and raising a walking stick, apparently to acknowledge passing protesters. He has been hospitalized several times since 2015 because of infections linked to past treatment for prostate cancer.

A government ombudsman's report previous year suggested that Zuma allowed the Gupta family to influence his Cabinet appointments, as well as the issuance of government contracts.

He said South Africa will "not allow the Guptas to appoint any more ministers" and said SaveSA is determined to reverse "the coup d'état (cabinet reshuffle) that happened in the middle of the night".

While Friday's marches remained largely peaceful, groups of protesters scuffled outside the Johannesburg family mansion of the wealthy Gupta family.

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That probably ruled out the likes of Bethenny and Sonja attending. "Maybe Sonja feels like she missed the yacht". Luann is about to get married to Tom and she's making her guest list of 250 people and checking it twice.

The president now retains the support of a ruling party facing an internal revolt against the president. Past year the party suffered key losses in municipal elections, and Mr. Zuma was forced, by a Constitutional Court ruling, to reimburse public monies in a dispute over millions of dollars he allegedly spent on his private home.

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