SA assets hit by outlook downgrade

The rand is expected to have a tough week after rating agency Fitch announced its downgrade of South Africa's outlook rating.

Fitch drops SA's outlook to negative

Due to the country's failure to create jobs and improve economic growth, Fitch has revised South Africa's outlook from stable to negative.

The economic week ahead: Persistent turbulence

With a fix to the eurozone crisis "technically, politically beyond reach", China's economy slowing and SA struggling, markets remain deeply unsettled.

S&P cuts SA outlook to negative

Standard & Poor's cut the outlook for South African ratings to negative from stable on Tuesday on concerns about a large current account deficit.

SA says economy sound despite Fitch outlook cut

South Africa's Treasury said on Monday its economy was sound and it was confident its debt ratings would not be downgraded.

SA scores well on economic-freedom index

South Africa's rating of 63,2% ranks it 52nd globally on the Heritage Foundation 2008 Index of Economic Freedom. In a statement released on Monday, Century 21 South Africa -- the local chapter of the world's largest real-estate brand -- said the index, which covers 162 countries, took 10 specific freedoms into account.

S&P's SA chief says pessimism is overdone

The MD of Standard and Poor's (S&P) South Africa, Konrad Reuss, said on Wednesday that some of the recent pessimism in South Africa is completely overdone and that he does not feel the country is going to dip into a recession. South Africa currently has a "stable" foreign-currency rating by S&P.

Wall Street cringes as Citigroup revives fears

Fear and mistrust gripped Wall Street on Monday after Citigroup's CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage market a "$1-trillion problem". US stocks followed European shares lower, while safe-haven bonds rallied and even the downtrodden dollar ticked up.

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