ARTICLES RELATING TO DOWNGRADES

Moody's cuts SA's GDP forecast as recession bites

2018-09-06 12:49

The ratings agency says that because of the recession, the SA Reserve Bank will face facing 'increasingly challenging decisions from an acceleration in inflation'.

Moody’s reprieve 'not enough' for hard-pressed consumers

2018-03-24 12:31

Although all South Africans will benefit from the Moody's move not to downgrade South Africa, it is not enough for hard-pressed consumers, warns debt counselling firm Debt Rescue.

Budget 2018 could be enough to avoid downgrade - economist

2018-02-21 22:30

Budget 2018 has made SA's projected government finances more palatable to ratings agencies and could avoid a Moody’s downgrade, says Annabel Bishop of Investec.

Fitch downgrades Eskom

2018-01-31 17:43

Fitch has downgraded Eskom, citing weakening liquidity and the company’s uncertain capacity to fulfil its short-term financial commitments.

SA downgrade likely to trigger more volatility - expert

2017-11-27 05:00

Four experts provide their views on the likely impact of the latest ratings downgrade on the SA economy and what can be done about it.

Downgrade will lead to SA job losses - economist

2017-11-25 18:00

Jobs will be lost as a direct result of Friday night's downgrade of SA's long-term local currency debt to junk status by S&P Global Ratings, says Lesiba Mothata, chief economist at Alexander Forbes Investments.

Government pension fund says it is 'over-exposed' to SA economy

2017-11-14 20:29

The Government Employees Pension Fund is “over-exposed” to the South African economy and this needs to be addressed, says Abel Sithole, the fund’s principal executive officer.

Clothing sector seeks urgent solution to downgrades impact

2017-08-29 19:50

Labour and business in the clothing, textile, footwear and leather sectors are deeply concerned about the impact of downgrades on the industry.

Rand breaches R13.30/$ on ratings jitters

2017-08-01 13:27

The rand has extended its losses, breaching the R13.30 to the US dollar level as credit rating fears resurfaced.

Risk appetite easing downgrade impact on SA - economist

2017-06-21 19:25

The impact of the ratings downgrades would have been a lot worse if it was not for the positive risk appetite in the world, says a Nedbank economist.

 

Treasury's Mogajane: 'We had to safeguard the ratings with our lives'

2018-03-24 13:57

Treasury’s Director General Dondo Mogajane says 'emotions ran high' among senior staff after they learned Moody’s would keep SA at above investment grade.

5 reasons why Moody’s gave SA a ratings breather

2018-03-24 09:17

Ratings agency Moody's has listed five reasons why it did not downgrade South Africa to junk status following a 90-day review period.

#Budget2018: Risks to economic, fiscal outlook still elevated

2018-02-21 15:36

While revenue collection for the current financial year is projected to be R2.6bn higher than the October 2017 estimate, it still leaves a shortfall of R48.2bn in 2017/18.

Despite ratings downgrade, demand for local bonds boosts rand

2017-11-27 13:00

Contrary to predictions that the rand stood to incur moderate further losses, the currency was getting stronger against the dollar on Monday morning

Union angered that ratings agencies dare to downgrade SA

2017-11-26 20:00

The South African Federation of Trade Unions is angered at the latest decisions by ratings agencies.

Support Ramaphosa and we will not see a downgrade - Gordhan

2017-11-23 19:58

Former finance minister Pravin Gordhan has endorsed Deputy President Cyril Ramaphosa, saying he should be given a chance to implement his "New Deal" proposal.

Mini budget all but comforted ratings agencies - economist

2017-10-26 12:10

Trust deficit issues aside, Finance Minister Malusi Gigaba’s first mini budget grossly underwhelmed expectations, says BNP Paribas economist Jeffrey Schultz.

S&P warns of downgrade if SA misses targets

2017-08-06 07:42

South Africa’s credit rating could be downgraded if the country’s growth and tax collections missed forecasts by a wide berth, says S&P Global analyst Gardner Rusike.

Politics can trip up new govt growth plan - Fitch

2017-07-21 20:39

A positive aspect of the Inclusive Growth Action Plan is the firm deadlines for many of the measures, but the new package is not likely to significantly boost economic growth prospects, says Fitch.

SARB - The big conundrum

2017-06-20 13:02

South Africa’s monetary policy is facing a conundrum having to deal with a technical recession and ratings downgrades, says Tshwane City Councillor Jordan Griffiths.

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