The battle to remove Gordhan and ultimately President Cyril Ramaphosa from office is in full swing, writes Adriaan Basson.
Partly cloudy. Mild.
Fitch Ratings has said that additional financial support for Eskom will have a limited effect on the country's credit profile, while S&P it waiting for clarity on the details of the state's support package.
Fitch has removed its base case, because "there is such a wide range of potential Brexit outcomes that no individual scenario has a high probability."
Ratings agency Fitch has kept the outlook for South African utilities negative, citing subdued economic growth and moderate electricity demand in 2017 as reasons.
S&P and Fitch each have South Africa just one cut away from junk at BBB- and S&P has it on a negative outlook, meaning the chances are skewed towards a downgrade.
"Fitch believes that a 'no-deal' Brexit would lead to substantial disruption to UK economic and trade prospects, at least in the near term."
Political uncertainty and global developments may continue to weigh down economic growth in 2017, impacting South Africa's sovereign credit rating, according to an analyst.
Finance Minister Pravin Gordhan says there are good things happening in the South African economy, even though they are not reflected in the GDP.
Cape Town Southern Suburbs1st Contact T/A Sable International
Cape TownemergeR600 000.00 - R700 000.00 Per Year
Cape Townemerge R580 000.00 - R620 000.00 Per Year
R 1 790 000
R 6 999 000
R 4 495 000
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