AGP Executive Report
Last update: 9 hours agoSovereign Credit Boost: Fitch upgraded South Africa’s long-term ratings to BB from BB-, the first upgrade in nearly 21 years, citing stronger fiscal discipline, widening primary surpluses, better revenue collection and reforms in energy and logistics. Healthcare & HIV Prevention: South Africa officially rolled out Lenacapavir, a twice-yearly injectable for HIV prevention, starting at 360 public facilities across six provinces, aiming to reach three million people over three years with support from the Global Fund and CIFF. Migration Tensions in the Economy: Johannesburg saw a crackdown on undocumented migrants amid renewed xenophobic violence, while Nigeria and Mozambique reported repatriation efforts for citizens fleeing attacks, raising business and labour-market concerns. World Cup Cyber Scams: With the tournament starting soon, South African fans are warned about phishing, fake ticket resales and QR/transport scams targeting both travellers abroad and at home. Film Incentives Under Fire: Calls are growing to overhaul South Africa’s film and TV rebate incentive after complaints about complex rules and long payment backlogs. Pay Gap Disclosure Law: New Companies Act changes make pay-gap reporting mandatory, forcing listed firms to disclose top-to-bottom remuneration ratios. Energy & Grid Separation: Eskom is reportedly hiring consultants to assess the funding and credit impact of separating transmission assets, after earlier unbundling plans faced political pushback.
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