South African President Cyril Ramaphosa cut cabinet ministers from 36 to 28 to tackle "bloated" government and improve efficiency while appointing more women in cabinet to achieve gender diversity.
Despite massive speculation, the ruling African National Congress' 80-member National Executive Committee "only" discussed new party leader Cyril Ramaphosa's upcoming statement on the ANC's 106th anniversary.
S&P's move will almost certainly lead to a rise in government debt-servicing costs, which will mean less money for critical services such as housing, education and sanitation.
Security guards clash with far-left lawmakers who disrupted Jacob Zuma's state-of-the-nation address.
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