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Hundreds of ECape state workers blacklisted

Hundreds of employees of the Eastern Cape health department have been issued with final warnings aft.

Moody's downgrades four top South African banks

By Sapa-AFP | 2014-08-20 07:46:16.0

Moody's on Tuesday downgraded the credit rating of four top South African banks, after the government was forced to bailout a troubled lender.

In a statement, the ratings agency said it had downgraded Standard Bank, Absa, FNB and Nedbank by one notch to Baa1, in a move sure to raise more questions about the health of the vital sector.

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