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Mangaung allegedly blows millions on ghost workers

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The cash-strapped Bloemfontein-based Mangaung Metro Municipality has allegedly splashed a whopping R5 million on ghost workers. A source tells OFM News that millions of rands...

Mboweni speaks of ‘trembling in his boots’ after Moody’s downgrades SA...

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After South Africa’s sovereign credit rating was downgraded to subinvestment grade, or “junk status”, by Moody’s – the last ratings agency to do so...

Metro relooks finance plan after Moody’s downgrade

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Mangaung Metro will reassess its financial recovery plan after Moody’s resolved that so far it has not been able to improve the state of...

Mangaung faces another FS High Court challenge over BRTs

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The newly downgraded Mangaung Metropolitan Municipality in the Free State is fending off yet another Bloemfontein High Court challenge on Monday that threatens to...

Moody’s sounds warning bells for SA after Eskom bailout

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Moody’s Credit Ratings Agency yesterday sounded the warning bells for South Africa following Finance Minister Tito Mboweni’s multibillion-rand bailout for Eskom in a research...