BUSINESS NEWS - The Federation of Unions of South Africa (Fedusa) says a meeting with Deputy President Cyril Ramaphosa and business leaders has ended with an agreement to set up a task team aimed at improving the country’s investment status.
Rating agencies Fitch and S&P Global have downgraded South Africa to junk status following President Jacob Zuma's Cabinet reshuffle.
A special national economic development and labour council meeting held in Johannesburg on Tuesday was convened to address the national crisis.
Fedusa’s Dennis George says plans have been made to pave a way forward.
