October is high-risk month for rand's recovery
Emerging markets are rebounding from the second-quarter horror show, but for South Africa’s rand October still holds large risks.
View ArticleRatings D-day: SA likely to be spared a downgrade, say analysts
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.
View ArticleFitch confirms ratings of SA's major banks at notch below investment grade
Ratings agency Fitch has kept the ratings of five of SA's major banks at BB+ with a stable outlook.
View ArticleSouth Africa does not seek IMF support – Lagarde
Ramaphosa’s anti-corruption drive gets a thumbs-up from IMF managing director Christine Lagarde.
View ArticleMoody's: SA's future looks brighter - if it can keep the lights on
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...
View ArticleMoody’s: Rising government debt hampers banking sector
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.
View ArticleShock turns to hope as traders bet SA can dodge downgrade
Just minutes into his maiden budget speech and Finance Minister Tito Mboweni looked to have sparked a market rout.
View ArticleSA is already looking like junk in the CDS market
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.
View ArticleSA is near junk status from all 3 rating agencies. What could follow?
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....
View ArticleSA heading for junk downgrade, rating forecaster says
Renaissance Capital, which has correctly predicted eight sovereign rating decisions since May, is calling a downgrade to junk for SA next month.
View ArticleMoody's cut could risk R118bn selloff, says SA Reserve Bank
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.
View ArticleS&P lowers outlook on SA banks
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...
View ArticleFerial Haffajee: Three reports signal global loss of trust in Ramaphosa’s...
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...
View ArticleMoody's downgrades Mangaung Municipality even further
Ratings agency Moody's has downgraded the Mangaung Municipality's yet again.
View ArticleMoody's on Budget 2020 | Proposed spending restraint likely still won't...
Uncertainty about government's ability to negotiate with unions to reduce the public sector wage bill and potential contingent liabilities from SOEs means risks to SA's budget forecasts are elevated,...
View ArticleMoody's: Coronavirus a major threat to Africa's sovereign credit ratings...
The coronavirus global shock is having a severe macroeconomic and financial impact on African countries, according to a new report by Moody's Investor Services.
View ArticleMoody's: Covid-19 could push public debt close to 100% in two years
Rating's agency Moody's expects Covid-19 to worsen public finances, though it expects economic activity to pick up later this year.
View ArticleAngola gets first sovereign credit-rating upgrade by Moody’s
Moody’s Investors Service raised Angola’s credit rating for the first time.
View ArticleMoody's stays downbeat on Eskom's prospects, says upgrade in near future...
Moody's said Eskom's ratings could be upgraded if it becomes clear that any debt solution is accompanied by the implementation of a viable strategy for the business.
View ArticleFitch maintains SA’s sub-investment rating, stable outlook
Ratings agency Fitch has affirmed its stable outlook for South Africa, and maintained the country’s foreign and local currency debt ratings at a sub-investment grade BB- rating.
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