Details of stimulus package on the way - Mokonyane

2018-09-06 11:19

Communications Minister Nomvula Mokonyane told reporters Cabinet’s interventions aimed at clawing SA out of its latest recession would take shape after its upcoming investment and job summits.

Moody's keeps SA at investment grade

2018-03-23 23:44

Ratings agency Moody's has kept South Africa's sovereign debt at above investment grade in a late night announcement.

SA can make case to avoid downgrade, says Kganyago

2018-01-25 06:06

The attempts of the new ANC leaders to root out corruption and boost the ailing economy may mean another downgrade by rating companies can be averted, says SARB Governor Lesetja Kganyago.

Zuma wants education fees plan to be phased in to protect fiscus – Treasury

2017-11-25 12:00

President Jacob Zuma has directed those working on a plan to provide free university education to ensure it is implemented in a fiscally sustainable manner, National Treasury has said.

FULL STATEMENT: S&P downgrades SA to junk

2017-11-25 00:08

On November 24, 2017, S&P Global Ratings lowered its long-term foreign currency sovereign credit rating on the Republic of South Africa to 'BB' from 'BB+' and affirmed the 'B' short-term foreign currency sovereign credit rating. The outlook is stable.

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.

Rand hits 11-month low as rating downgrade fears intensify

2017-10-26 11:21

The rand weakened to an 11-month low following Finance Minister Malusi Gigaba’s mini budget speech, as rating downgrade fears sparked a sell-off of the local currency.

Credit downgrade could see 1.2% GDP contraction by 2018

2017-10-25 14:58

Finance Minister Malusi Gigaba is alive to the fact that the rand could very well be downgraded by ratings agencies in the near future.

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.

Business leaders brace for more rating downgrades

2017-09-01 10:38

South African business leaders are preparing for more credit-rating reductions as mismanagement hobbles state companies and after bad decisions by President Jacob Zuma.

 

READ: Moody's March 23 rating decision

2018-03-24 14:22

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.

Ramaphosa a hit with business leaders

2018-03-07 22:00

President Cyril Ramaphosa has been a hit with business leaders and investors during his first three weeks in office.

Moody's now places SA Inc on downgrade review

2017-11-29 15:44

Moody’s has placed a number of cities and municipalities, banks, businesses and insurance groups on review for downgrade, after doing the same for the country's sovereign debt.

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.

The Ramaphosa trade: Long on SA's fortunes, but for how long?

2017-11-24 16:17

Of the ANC presidential front runners, it is not difficult to see why betting on Ramaphosa means to be initially long on South Africa's fortunes, but it's doubtful that can last long, says Gwen Ngwenya.

LISTEN: Rating agencies may wait for ANC elective conference

2017-10-27 14:10

While there's a chance for SA to be downgraded to non-investment grade in November, rating firms may wait for the outcome of the ANC elective conference, says economist Kim Silberman.

Ratings downgrades loom as debt burden mounts

2017-10-26 07:42

SA’s forecast of higher debt and wider fiscal deficits over the next three years raises the risk of further credit-ratings downgrades as a battle for control of the ruling party limits policy choices.

S&P's China downgrade is 'wrong decision,' Finance Ministry says

2017-09-22 09:45

China has rebuffed the S&P Global Ratings downgrade of its sovereign credit rating, calling it a 'wrong decision' that ignores economic fundamentals and development potential.

Worst may be over as SA and Nigeria emerge from economic rut

2017-09-04 07:06

The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter.

Junk ratings across Africa, yet bond yields don't show it

2017-08-24 11:32

Every African nation that has sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market.

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