Sprinkles early. Morning clouds. Cool.
Ratings agency Moody's has downgraded the Mangaung Municipality's yet again.
The buoyancy of the aftermath of the Bok rugby world cup win and the approach of the holiday season has masked the impact of three reports which together are a downer for the economy, says Ferial Haffajee.
South African Reserve Bank Deputy Governor Kuben Naidoo has said if Moody’s Investors Service cuts the country’s credit rating to junk there could be a selloff of between R74bn and R118bn of its bonds.
A lack of significant reforms led to the country being downgraded to junk status by both Standard & Poor’s and Fitch in April 2017. Only Moody’s has kept South Africa one notch above junk status. But for how long? asks Misheck Mutize.
The consensus among economists is that South Africa will hold onto its investment grade status for the time being. Derivatives traders are not so sure.
Rising public debt levels affect a country’s banking sector, with banks preferring to lend to government, which is seen as lower risk, according to Moody's senior vice president.
Ramaphosa’s anti-corruption drive gets a thumbs-up from IMF managing director Christine Lagarde.
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.
It won’t be a cheap welcome back into international debt markets for Eskom, says a prominent SA asset manager.
Global ratings agency Fitch has affirmed Eskom's 'BB-' credit rating despite its liquidity challenges, as South Africans wait to hear if load shedding will become a reality this winter.
"The underlying drivers of the protests are certainly deep-seated and intractable," Moody's said, calling the response "slow, tentative, and inconclusive."
The outlook of S&P on South African banks - including the government-owned Development Bank of South Africa - is now negative, in line with the rating agency's downgrade of its outlook on the SA sovereign.
Renaissance Capital, which has correctly predicted eight sovereign rating decisions since May, is calling a downgrade to junk for SA next month.
It's not the parent who is threatening and cajoling a difficult kid that the kid should fear, it is the one who goes quiet. And that's what Moody's is doing to South Africa right now.
Just minutes into his maiden budget speech and Finance Minister Tito Mboweni looked to have sparked a market rout.
SA and Nigeria, as sub-Saharan Africa's largest economies, are expected to recover slowly this year - but unstable power supply and ongoing labour struggles are among SA's biggest challenges, says a new report from ratings agency Moody's.
Ratings agency Fitch has kept the ratings of five of SA's major banks at BB+ with a stable outlook.
Emerging markets are rebounding from the second-quarter horror show, but for South Africa’s rand October still holds large risks.
Ratings agency Standard & Poor’s decision to keep the outlook of SA’s sovereign debt rating at stable is a positive development and will help rebuild confidence in the country, said Nedbank CEO Mike Brown.
South Africa’s banking sector is stable even though the economy is struggling with low economic growth, says S&P.
Cape TownCertified Master Auditors (South Africa) Inc.R5 000.00 - R15 000.00 Per Month
Western CapeIsilumko Staffing (CPT)R4 500.00 - R5 000.00 Per Month
Western CapeOdwyer PersonnelR14 000.00 Per Month
R 8 500 000
R 4 395 000
Apartments / Flats
R 11 500 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.