South Africa is ‘junk’ – here’s what that means to you

2020-03-30 07:01

The impact of the coronavirus crisis will probably completely overshadow the Moody’s downgrade.

Traders least bearish on rand in 13 years as Moody’s downgrade priced in

2019-11-11 20:15

Most analysts may be predicting South Africa will lose its last investment-grade rating, but derivatives traders couldn't care less.

'Devastating' Moody's downgrade for Mangaung over poor liquidity, risk of default

2019-08-07 19:09

Moody's announced that the rating of Mangaung Metropolitan Municipality, in the Free State, has been downgraded three notches from Ba3 to B3.

Population growth set to erase SA's per capita GDP gains in 2019 - S&P

2018-11-26 14:40

The ratings agency says in 2019 and 2020, when it expects SA's economic growth rate to pick up to near 2%, per capita GDP increases will largely be cancelled out by population growth.

Fitch keeps SA at junk status, outlook stable

2018-06-15 17:47

Ratings agency Fitch has kept South Africa's sovereign credit rating at junk status and has affirmed a stable outlook, based on governance recoveries at state-owned enterprises.

5 reasons why SA is still junk status, according to S&P

2018-05-26 09:21

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.

SA to mull tax hikes and spending cuts to avoid full junk - Treasury

2017-11-25 09:34

The Presidential Fiscal Committee and Cabinet will meet in the next two weeks to work out plan that could spending cuts or tax increases of R40bn to strengthen the fiscus.

SA banks prepare for the worst as junk rating looms

2017-11-14 09:13

South African banks are preparing for the worst when it comes to the threat of another downgrade of the country’s debt.

'Hit' on SARB erodes SA's institutional framework, warns Moody's

2017-09-13 13:52

Recent challenges to SA's institutions have eroded their strength although the country is still "well balanced", says rating agency Moody’s.

BLSA's Mohale calls for Zuma's head

2017-09-04 11:15

Corruption has increased under President Jacob Zuma’s tenure, and removing him will be positive for the business environment, says the head of Business Leadership SA.


Junk status - what it means and what investors should know

2019-12-04 13:41

By Renee Eagar, CFP Professional

This is how Moody's could change your life tonight

2019-11-01 15:47

Losing its investment grade is not the end of the world – other countries, like Brazil, have been junk for years.

Fitch maintains SA's rating at BB+ with a stable outlook

2018-12-06 18:16

Ratings agency Fitch on Thursday kept South Africa's sub-investment grade credit rating unchanged at BB+ with a stable outlook.

S&P keeps SA's credit ratings unchanged at non-investment grade

2018-11-23 23:47

S&P affirmed SA's long-term local currency debt at BB+, the first notch of sub-investment grade. It kept the country's long-term foreign currency rating at BB, which is two notches below investment grade.

What SA needs to do to climb out of junk status - S&P

2018-05-27 11:26

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.

SA assets advance as budget seen averting junk status

2018-02-23 18:48

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.

What are the chances: SA's R100bn ratings double jeopardy

2017-11-22 07:41

South Africa will confront the threat of a debt selloff of about R100bn this week as it awaits two concurrent judgments on its credit status.

SA not in a crisis - economist

2017-10-23 15:31

South Africa is not necessarily in a crisis, according to Lesiba Mothata, executive chief economist at Alexander Forbes Investments.

SA banks rein in lending as economy stutters

2017-09-08 12:18

South Africa’s four biggest banks, pummelled by political wrangling and enmeshed in economic malaise, are increasingly shying away from their main role: lending.

Africa’s other junk economies

2017-08-27 06:00

Every African nation that has sold dollar debt has at least one junk rating.

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