Showers early. More sun than clouds. Cool.
Many investors expect South Africa to lose its last investment-grade rating. Their only question is when.
Cyril Ramaphosa will have to take down several barriers before he can truly implement changes to SA’s economy, say analysts.
With business confidence still low, strong new leadership emerging from the ANC's elective conference could provide a much-needed lift, according to the RMB/BER Business Confidence Index.
The rand’s movements will be dominated by ratings agencies' assessments scheduled to come out on Friday, as well as a possible spill-over from #BlackFriday, says an analyst.
The rand has dipped below R14/$ following news of Zimbabwean President Robert Mugabe's resignation, but domestic developments will prevent it from making further gains, say analysts.
South Africa needs a recovery plan for the economy to reassure investors, says Deputy President Cyril Ramaphosa.
The mini budget has increased the likelihood of additional credit rating downgrades before year-end, says an economist.
The FNB Bureau of Economic Research Civil Confidence Index fell to its lowest level in six years.
Government will have to resort to reducing its spend given low growth prospects, Bloomberg reports.
Analysts say that South Africa had entered a recession as far back as September 2016, and that the economy has probably already started recovering.
President Cyril Ramaphosa was allegedly 'immovable' during a Cabinet meeting on Tuesday in Cape Town where plans to salvage and streamline Eskom were discussed and adopted.
Consumer confidence for the fourth quarter of 2017 remained negative, registering below the zero mark for the third consecutive year.
Already bruised by political and budget troubles, the rand faces its next crucial test in less than 24 hours - reviews by two ratings companies.
The Monetary Policy Committee may keep rates unchanged given the looming credit downgrade, says an analyst.
Retail sales growth remained robust at 5.4% in September, but an analyst has warned that a credit downgrade could “derail” the momentum of the sector.
Much of the decay of the country’s fiscus is self-made through bailouts to state-owned enterprises, says an economist.
Despite the strong rebound in second-quarter GDP, South Africa’s economy needs to perform even better if the lives of the majority of its population are to be improved.
Despite government’s efforts, South Africa still lacks needed economic reforms, says an analyst.
Moody’s has downgraded the credit ratings of Eskom, Sasol, MTN, ACSA and taken action on eight other South African corporates.
Finance Minister Malusi Gigaba has postponed a briefing on the way forward for the economy, to attend an ANC leadership meeting.
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