Instead of focusing on rebuilding the country after years of state capture, we were distracted by a sideshow, writes Mandy Wiener.
Mostly sunny. Mild.
South Africa could move deeper into junk territory.
It's not the parent who is threatening and cajoling a difficult kid that the kid should fear, it is the one who goes quiet. And that's what Moody's is doing to South Africa right now.
Eskom says it’s running low on coal at six stations as mines owned by the Gupta family failed to meet their contractual supply obligations.
The deputy finance minister has hinted he is confident the country will avoid a credit downgrade by Moody’s when it announces its country review on Friday.
The rand firmed against the dollar in early trade, as the SA market started to shift its focus to whether Moody's would downgrade SA's sovereign credit rating to junk later in the month.
Eskom, which has secured an extra R20bn in short-term credit, says the latest downgrade of its long-term debt by S&P comes as it is 'starting to see slight improvements in market sentiments'.
Despite expectations of low growth and further credit rating downgrades, the JSE may offer some great investment opportunities on an individual stock level in 2018.
Raenette Taljaard, the Executive Director of Economic Research Southern, talks to Fin24 about the implications of S&P Global's downgrade of SA debt.
Moody’s has downgraded Eskom, citing the state utility's liquidity woes and poor governance as the main reasons for the decision.
From a real estate point of view, the downgrade by S&P will likely cause a drop in housing demand within the next few months, says the CEO of a bond originator.
Losing its investment grade is not the end of the world – other countries, like Brazil, have been junk for years.
Economists say the risks to the South African economy are so grim that the country is flirting with a fresh technical recession.
Global ratings agency Moody's is likely to make its long-awaited announcement on whether it will downgrade SA's credit rating on junk status on Friday.
The rand was unchanged after National Prosecuting Authority boss Shaun Abrahams announced that President Jacob Zuma would be prosecuted.
Eskom has confirmed that the R5bn short-term loan it received from the Public Investment Corporation will be paid back on Thursday.
S&P Global Ratings has downgraded the long-term debt of Eskom to the seventh rung of non-investment grade, with a negative outlook.
S&P has announced that its downgrade of SA's sovereign debt to junk has 'directly weakened' the credit quality of the investments of SA insurers who hold most of their assets in the country.
Eskom says it is “positive” that its funding plan will succeed, despite being downgraded by both S&P Global and Moody’s this week.
Fin24 presenter Moeshfieka Botha talks to Abdulazeez Davids of Kagiso Asset Management about how ratings downgrades affect ordinary South Africans.
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.
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