Naspers debt 'small compared to value of investment'

2014-08-13 12:10

The debt of Naspers is very small compared to the value of its investment, an expert says regarding Fitch's downgrade of the tech firm on unsecured debt.

Economy at the abyss

2014-07-04 07:23

It's time for government to take the downgrade threat seriously, says Mzwandile Jacks.

S&P downgrade big blow for SA - Old Mutual

2014-06-15 12:52

The longer-term outlook of Standard and Poor's downgrading is concerning as South Africa is only one notch above "junk" status, says a chief investment strategist.

Another blow for SA's credit ratings

2014-06-13 18:25

Standard & Poor's has downgraded South Africa's credit ratings, handing another blow to an economy struggling with labour, growth and electricity challenges.

Treasury stands firm despite ratings hit

2014-06-13 11:23

National Treasury says it is committed to the fiscal path stated in the budget, after Fitch ratings agency changed the SA's outlook to negative from stable.

Fitch review deals blow to rand, bonds

2014-06-13 09:29

The rand has weakened after Fitch rating agency changed SA's outlook to negative from stable, citing concerns about poor growth prospects and rising public debt.

Fitch upgrades Eskom

2014-01-16 17:01

Fitch Ratings has upgraded Eskom’s national ratings, saying the parastatal continued to reflect strong government support.

Fedusa optimistic after talks with Fitch

2013-11-20 20:30

The Federation of Unions of SA says it is hopeful that its meeting with ratings agency Fitch will lead to an improved view on the investment grading of the country.

Fitch: Africa expansion may boost banks

2013-03-15 17:07

Looking to Africa rather than abroad for expansion could enhance the earnings prospects of SA's big four banks‚ Fitch Ratings says.

Concern despite ratings negative budget

2013-02-27 21:28

While the Budget Speech does not justify further credit rating cuts, it also will not allay the concerns of ratings agencies sufficiently, an analyst warns.

Fitch downgrade still haunts rand

2013-01-14 12:17

The rand has been a smidgen firmer against the US dollar, but the cut by Fitch on the country's sovereign rating continued to weigh on the local currency.

Fitch downgrades Eskom‚ Transnet

2013-01-11 19:40

Ratings agency Fitch has downgraded Eskom and Transnet after cutting the country's sovereign debt, citing deteriorating economic growth.

Fitch downgrade still weighs on rand

2013-01-11 12:10

The rand was flat against the US dollar before noon after the local currency weakened overnight due to the country’s sovereign credit rating downgrade.

Ratings: Govt addressing concerns

2013-01-10 22:11

The government is trying to address the concerns that led to the Fitch ratings agency downgrading South Africa's sovereign debt, the Treasury says.

Credit rating fears over Marikana ‘premature’

2012-08-30 16:17

Concern that the violent developments at Lonmin’s Marikana mine may place SA’s sovereign credit rating in jeopardy is premature‚ according to Global Credit Ratings.


IMF likely to cut SA growth again

2014-07-10 22:00

A senior IMF official has hinted that the international lender is likely to cut South Africa's economic growth forecast when it releases a global outlook.

Eskom credit rating downgraded

2014-06-20 19:36

Eskom has noted the lowering of its credit rating by Fitch, but added that it continues to target the stability of its credit profile.

ANC urges citizens to help grow economy

2014-06-15 11:07

The ruling party has called on South Africans to work with government to help strengthen the economy after ratings agencies revised the country's outlook.

Fitch outlook a warning, says Cronje

2014-06-13 16:54

The decision by the Fitch ratings agency to revise South Africa's outlook to negative should serve as a warning, says scenario planner Frans Cronje.

Fitch revises its outlook on SA

2014-06-13 10:15

Fitch rating agency has downgraded the outlook on SA to negative from stable, citing poor growth prospects as well as the impact of the platinum strike.

More bad news as ratings review looms

2014-06-10 22:00

As concern mounts about a possible downgrade of South Africa's credit rating, the latest business confidence index reflects another bleak view of the economy.

High deficit, weak growth worry Fitch

2013-12-19 07:38

National Treasury has vowed to address the concerns cited by Fitch, which affirmed SA's rating but singled out weak growth and a widening deficit as problem areas.

Fitch upgrades Transnet rating

2013-10-30 19:42

Fitch Ratings agency has upgraded Transnet's credit rating, confiring the success of trying to strengthen its position.

SA favours growth over investors

2013-03-11 17:07

South Africa is focusing on boosting economic growth and reducing inequality rather than cutting spending to appease investors, says Finance Minister Pravin Gordhan.

Fitch downgrades Ghana's credit rating

2013-02-15 19:39

Despite strong growth, ratings agency Fitch has dropped its outlook on Ghana's credit rating due to a ballooning deficit.

Downgrade and strikes weigh on rand

2013-01-14 09:10

The rand has weakened against the US dollar as political and economic factors weighed on the local currency.

Rand weakens further on Fitch cut

2013-01-11 17:45

Political risk continued to weigh on the rand‚ with concerns over the downgrade by Fitch being the primary driver of slower trade.

SA investment rating safe - analysts

2013-01-11 12:04

Although Fitch has joined other rating agencies in cutting SA’s sovereign credit rating‚ the country's investment rating is not under threat‚ say analysts.

Rand, bonds weighed by Fitch downgrade

2013-01-11 08:53

The rand and bonds weakened after Fitch cut South Africa's credit rating overnight, citing weak growth, policy uncertainty and labour unrest.

Fitch cuts SA's ratings

2013-01-10 19:52

Ratings agency Fitch has downgraded the country's sovereign debt, citing deteriorating economic growth that risks social and political tensions.

Fitch downgrades SA outlook

2012-01-13 17:31

Ratings agency Fitch has revised SA's outlook to negative, saying the government had made limited progress on key economic issues.

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