Instead of focusing on rebuilding the country after years of state capture, we were distracted by a sideshow, writes Mandy Wiener.
Mostly sunny. Mild.
African countries need to find a way to present a common front to the rating agencies.
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.
Further credit rating downgrades are unlikely ahead of the Treasury’s February budget, when it will be more clear if economic revival strategies will work.
Moody's will likely spare SA a downgrade of its sovereign credit rating despite (another) sudden rotation in the finance ministry, but may also decide to hold off on a decision, say analysts.
On Friday evening Moody's announced that it would not be cutting the rating on SA sovereign debt to below investment grade. Read its statement.
With just days to go before the ANC’s elective conference, economists have shared expectations of what characteristics would make for a good leader.
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.
South African banks continue to perform well, despite low domestic economic growth and ongoing political instability, according to ratings agency Standard & Poor’s.
The latest credit downgrade and announcement of an official recession have triggered a long list of interventions to be spearheaded by Finance Minister Malusi Gigaba.
Now that our economy is dangling just a notch, it is time for those who still have the wherewithal to save SA from crossing the proverbial line of no return to do so, quick, says Solly Moeng.
The three dominant international credit rating agencies have been accused of many faults, says Misheck Mutize.
There's growing dissatisfaction with rating agencies, since outside the US and EU, they don't subscribe to any international regime or governance body, says Misheck Mutize.
Moody's did not release the expected statement on South Africa's sovereign credit rating on Friday night and SA's rating therefore remains at Baa3 stable.
South Africa’s stable ratings outlook means there’s little chance of a change in its assessment soon, Moody’s Investors Service said, adding that the country has to stabilise its debt to prevent a cut back to negative.
Time and space are wonderful things - except South Africa doesn't really have the luxury of either, writes Marcus Ashworth of Bloomberg Gadfly.
Rating agencies are likely to hold off on reacting to the outcomes of the ANC leadership race, according to an economist.
The South African economy is like a car with a Ferrari body but an Uno engine, says Thabi Leoka of Argon Asset Management.
The rand has lost ground as ratings agency Moody’s released a report criticising the Mining Charter, instantly jumping from R13.03 to R13.13 on the news.
There are two crucial credit ratings that have yet to be downgraded to junk status. If and when they are cut, South Africans will truly be a country in junk status.
The rand has survived the latest rating agency announcement, which saw Moody’s downgrade both the local and foreign currency rating to Baa3 and maintained a negative outlook.
Cape Town CBDO'Dwyer PersonnelR6 500.00 - R7 000.00 Per Month
DurbanvilleZaPOP Media (Pty) LtdR1 000.00 Per Month
Apartments / Flats
R 1 250 000
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R 4 495 000
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