Low-income households experienced financial strain towards the end of last year as a result of food inflation and rises in the price of petrol.
The prospective rating agency is said to challenge the three pro-west dominant credit rating agencies Fitch, Moody’s and S&P global rating.
The recent rallying of the rand has also been indicative of the response from the outcome of the ANC’s 54th elective conference.
In South Africa, growth in 2017 went to the top 1% most wealthy people and nothing to the bottom 50%
Finance Minister Malusi Gigaba’s budget speech revealed the treasury’s inability to fund the full cost of free higher education