About 600 bidders and onlookers stood ten-deep inside Bosasa's Imbizo Hall on Wednesday morning, braving wet and cold conditions to grab a piece of the Bosasa pie.
The three dominant international credit rating agencies have been accused of many faults, says Misheck Mutize.
Ratings agency Moody's has said that government's financial support to embattled power utility Eskom and the announcement of recent electricity tariffs by the National Energy Regulator of SA may prove 'insufficient to address the company's long-standing financial troubles'.
South Africa’s new finance minister is eminently qualified… and he is an avocado farmer, too.
The ratings agency says that because of the recession, the SA Reserve Bank will face facing 'increasingly challenging decisions from an acceleration in inflation'.
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.
South Africa could improve its ratings and move back into investment grade territory if there was sustained economic growth and fiscal outcomes, according to Standard and Poor’s Global Ratings.
Global ratings agencies S&P acknowledges the reforms being undertaken by President Cyril Ramaphosa’s administration but flagged “considerable” challenges to improving the country’s financial position.
Ratings agency Moody's has listed five reasons why it did not downgrade South Africa to junk status following a 90-day review period.
Government bonds have rallied, while the rand and stocks gained as the budget convinced most investors the country is doing enough to stave off another credit-rating downgrade.
Although ratings agencies are not supposed to make decisions about credit ratings based on politics, the most recent high-level resignations in National Treasury and rumours about fee-free education could be the last straw, says Sygnia's Magda Wierzycka.
The Financial Sector Conduct Authority has imposed a penalty of R487 000 on Global Credit Rating over a breach of its conflict of interest rules.
In the statement National Treasury said the S&P decision gave South Africa an opportunity to "demonstrate further concrete implementation of measures that are aimed at turning around the growth trajectory".
SA's fifth finance chief in less than three years will have to oversee an economy that’s fallen into recession and help President Cyril Ramaphosa rebuild confidence battered by mismanagement under former President Jacob Zuma.
Standard and Poor’s has raised Capitec and African Bank's national scale credit rating after revising its mapping table for South Africa and financial institutions.
Ratings agency S&P's latest decision may be disappointing, but is a great opportunity for some important conversations, writes Bonang Mohale.
Two of the largest international ratings agencies, Moody’s and S&P have downplayed concerns about the policy adopted by the ANC at its December conference to expropriate land without compensation.
National Treasury says it is determined to achieve improved ratings as it noted Standard and Poor’s assessment of challenges and opportunities SA faces in the immediate to long term.
It’s a rating decision that could trigger as much as R70bn of capital outflows from the South African economy, still investors aren’t batting an eyelid.
The JSE closed flat on Thursday as markets wait to see what happens with the sovereign ratings decisions from Moody’s and S&P.
Moody’s Investor Services did not publish a credit rating update for South Africa as many have expected, saying there had not been any real events warranting a credit ratings review.
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