Staff at the international ratings agency are scheduled to meet government, business and labour leaders over three days from Wednesday, a senior Treasury official confirmed on Friday. Business Leadership South Africa condemned Molefe's appointment, saying that five reports "found prima facie evidence of serious malfeasance at Eskom during Mr Molefe's tenure there". Business Leadership South Africa chairman Jabu Mabuza said: "His reappointment is wilfully disrespectful of the citizens of this country. Both business and government have been working to convince investors and ratings agencies that we are a country adhering to good governance, especially in respect of state-owned enterprises. This decision undermines all our efforts." Molefe's reinstatement, which takes effect tomorrow, could give Moody's yet another reason to downgrade the sovereign credit rating to junk status, analysts said on Friday. Lumkile Monde, an economist at Wits University, said: "With the developments at Esko...
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