There are hundreds if not thousands of public servants who are facing disciplinary action - they did not benefit directly, writes Melanie Verwoerd.
Morning clouds. Mild.
South Africa has had a high quality credit rating of A+ before, but in recent years it's been dwindling down a steady path to junk status.
Moody's has applauded the financial support government committed to extend to Eskom, but said the utility’s operating costs, as well as debt owed to it by municipalities, could not be ignored.
The three dominant international credit rating agencies have been accused of many faults, says Misheck Mutize.
There's growing dissatisfaction with rating agencies, since outside the US and EU, they don't subscribe to any international regime or governance body, says Misheck Mutize.
Ratings agency Fitch has kept the ratings of five of SA's major banks at BB+ with a stable outlook.
Global ratings agency Fitch is likely to keep South Africa's credit rating unchanged at BB+ - aka "junk" - when they announce its review later this week, an economist has said.
The Portfolio Committee on Public Enterprises is encouraged by the decisions the new Eskom board is taking, but is still concerned about the power utility’s liquidity.
South Africa’s weak business confidence is less likely to rebound if former African Union Commission chair Nkosazana Dlamini-Zuma is elected as leader of the ruling ANC, Fitch Ratings says.
Fin24 presenter Moeshfieka Botha talks to Abdulazeez Davids of Kagiso Asset Management about how ratings downgrades affect ordinary South Africans.
S&P Global's late night downgrade of SA's long-term local currency debt will put even more strain on the already low levels of business and consumer confidence in SA, says the CEO Initiative.
South Africa could move deeper into junk territory.
Peregrine Treasury Solutions partner Bianca Botes wrote that a negative spike was further compounded by Fitch's announcement shortly after close of trade on Friday that it had revised the outlook on South Africa's sovereign debt downwards from stable to negative.
Ratings agencies will likely adopt a 'wait-and-see' approach before making decisions on the sovereign's credit rating, analysts have said.
The government is prioritising regaining SA's investment grade rating, according to Finance Minister Tito Mboweni.
The impact of spending reprioritisation announced in South Africa’s medium-term budget policy statement is to unlikely meaningfully boost economic growth, says the ratings agency.
Global ratings agency Fitch has affirmed Eskom's 'BB-' credit rating despite its liquidity challenges, as South Africans wait to hear if load shedding will become a reality this winter.
Fitch has downgraded Eskom, citing weakening liquidity and the company’s uncertain capacity to fulfil its short-term financial commitments.
Raenette Taljaard, the Executive Director of Economic Research Southern, talks to Fin24 about the implications of S&P Global's downgrade of SA debt.
Banking group Nedbank says that SA has a "very short window to change the outlook for the economy" following Friday's late night downgrade of SA's long-term local currency debt to junk by S&P Global Ratings.
Already bruised by political and budget troubles, the rand faces its next crucial test in less than 24 hours - reviews by two ratings companies.
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