Parliamentarians are entitled to a good salary and pension benefits, but luxuries have no place in the current economic climate, writes Melanie Verwoerd.
The ratings agency says that because of the recession, the SA Reserve Bank will face facing 'increasingly challenging decisions from an acceleration in inflation'.
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 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 has downgraded Eskom, citing weakening liquidity and the company’s uncertain capacity to fulfil its short-term financial commitments.
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.
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.
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.
Labour and business in the clothing, textile, footwear and leather sectors are deeply concerned about the impact of downgrades on the industry.
The rand has extended its losses, breaching the R13.30 to the US dollar level as credit rating fears resurfaced.
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 Director General Dondo Mogajane says 'emotions ran high' among senior staff after they learned Moody’s would keep SA at above investment grade.
Ratings agency Moody's has listed five reasons why it did not downgrade South Africa to junk status following a 90-day review period.
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.
Contrary to predictions that the rand stood to incur moderate further losses, the currency was getting stronger against the dollar on Monday morning
The South African Federation of Trade Unions is angered at the latest decisions by ratings agencies.
Former finance minister Pravin Gordhan has endorsed Deputy President Cyril Ramaphosa, saying he should be given a chance to implement his "New Deal" proposal.
Trust deficit issues aside, Finance Minister Malusi Gigaba’s first mini budget grossly underwhelmed expectations, says BNP Paribas economist Jeffrey Schultz.
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.
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.
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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