ARTICLES RELATING TO RATINGS DOWNGRADE

Downgrade: The immediate consequences for South Africans

2017-04-18 19:10

Kirk Swart and Brett Birkenstock of Overberg Asset Management consider some of the immediate consequences of South Africa's downgrade to junk status.

Gigaba: We've dealt with utterances by ministers downplaying junk status

2017-04-13 11:56

Government is acutely aware of SA's credit ratings downgrades, despite comments made by some ministers, Finance Minister Malusi Gigaba has said.

SA is in sticky situation with deep consequences - economist

2017-04-12 19:31

Although the reality in SA is worrying, people are either too hyperbolic or too optimistic, says emerging market economist Peter Attard Montalto.

Rand 'mauled' in reshuffle aftermath

2017-04-11 16:02

Since the ill-fated cabinet reshuffle, the rand has lost 11% versus the dollar and 9% on a trade-weighted basis, says Overberg Asset Management.

Nuclear uncertainty cited as one of the reasons for Fitch downgrade - economist

2017-04-07 19:39

Government's pursuit of an unaffordable nuclear build programme was highlighted in Fitch's reasons for a credit ratings downgrade to junk status.

WATCH: Double blow for SA debt as Fitch adds to S&P’s junk knock

2017-04-07 15:52

SA debt got dealt a second blow in a week as Fitch joined S&P and cut the nation’s credit assessment to junk following President Jacob Zuma’s move to fire Pravin Gordhan.

Downgrade is wake-up call for SA to revisit key economic policies

2017-04-07 07:35

An ideological debate is desperately needed to sort out options South Africa could pursue to find a way out of its economic morass, writes Patrick Bond.

INTERVIEW: Treasury DG downplays new rating agency

2017-04-05 17:02

Treasury director general Lungisa Fuzile believes a new rating agency that is pro-South Africa will have very limited benefits for the country.

EXCLUSIVE INTERVIEW: Treasury boss Fuzile confirms he has resigned

2017-04-05 12:40

National Treasury director general Lungisa Fuzile has revealed he resigned and will aim to leave by mid-May.

WATCH: Treasury shake-up cost SA R1.5bn extra in debt costs

2017-04-04 14:57

The hike in bond yields caused by President Jacob Zuma’s reshuffle and SA's downgrade to junk status will result in South Africa paying more for its high debt costs.

 

Gigaba berates govt leaders over reckless downgrade statements

2017-04-13 20:32

Government leaders should not make reckless statements, but rather show empathy towards South Africans, following the recent ratings downgrades, says Finance Minister Malusi Gigaba.

Deep discount lures buyers to SA banks despite junk

2017-04-13 09:39

Foreign investors have been snapping up South African banking stocks, enticed by the cheapest valuations relative to emerging-market peers since 2011.

Junk status blow may be too much to deal with, warns Nzimande

2017-04-11 17:24

Higher Education Minister Blade Nzimande says a junk status credit rating could potentially wreak havoc on the lives of workers and the poor unless South Africans work together.

Pressure on Zuma builds as SA girds for protests

2017-04-11 12:31

A week after President Jacob Zuma appeared to have weathered calls to resign, former leaders of the ruling ANC are ratcheting up pressure on him to quit.

No turning point yet for rand, SA assets - researcher

2017-04-07 18:55

Two successive credit ratings downgrades to junk status is unlikely to signal that the worst is over for South Africa and that the rand could regain lost ground, says a researcher at Citi.

Fitch downgrade is no surprise - analysts

2017-04-07 14:35

Analysts agreed that it should come as no surprise that Fitch also decided to downgrade South Africa’s sovereign credit rating to junk status – the second ratings agency to do so in one week.

Gigaba assures banks of policy stability - BASA

2017-04-06 17:17

New Finance Minister Malusi Gigaba has assured South Africa's banks that there will be no shift in policy direction, says Banking Association MD Cas Coovadia.

Ratings downgrade will be negative for metros - Van Rooyen

2017-04-05 15:26

Co-operative Governance and Traditional Affairs Minister David van Rooyen has said metros will not escape financial hurt if the country's credit ratings are downgraded.

Junk status not major issue for BRICS traders, who prefer risk

2017-04-05 09:05

SA's downgrade means three of the five BRICS nations now have junk credit assessments at S&P. Bloomberg Gladfly’s Mark Gilbert explains the impact this is having in the markets.

Gallery
With SA bonds now rated as junk or non-investment grade, life for ordinary South Africans just got worse.

With SA bonds now rated as junk or non-investment grade, life for ordinary South Africans just got worse.

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