Moody's is the second ratings agency in 2014 to downgrade South Africa and Fitch, analysts warn, could very well do the same next month.
Moody's ratings downgrade of South Africa's four big banks cast the rescue of African Bank in a very different light.
Capitec Bank has come out fighting against what it believes is a kneejerk downgrade of its credit rating in the wake of the African Bank's collapse.
The worst outbreak of the virus to date and the efforts to contain it will impact African economies.
Head of the country's largest unsecured lender, Leon Kirkinis, has stepped down with immediate effect as the bank plans a capital increase.
The International Monetary Fund is looking to cut its expectations of South Africa's GDP growth this year, a senior official has hinted.
Moody's rating agency has warned that the country's credit rating is at risk as the 220 000-strong Numsa strike enters its fifth day.
The roads agency has lashed out at Gauteng Premier David Makhura for impacting investor confidence following a disappointing July bond auction.
African Bank says holders of its debt cannot ask for an early repayment of its bonds, despite being downgraded to "junk" status last week.
While Moody's has kept its BAA1 rating and negative outlook for the country due to SA's credit profile, it is optimistic about sub-Saharan Africa.
The company chief exec says its bond rating should be upped on a ccount of good behaviour but the agency says nothing has happened to change its mind.
Kenyan growth prospects have outweighed its worst terror attack in 15 years, with the shilling the strongest it has been in three months.
The South African National Roads Agency has again been downgraded by ratings agency Moody's thanks to prolonged battles over e-tolls.
Ratings agency Moody's left South Africa's credit rating unchanged due to fiscal discipline, moves to reduce labour unrest and plans to boost growth
Another ratings agency has cut gold giant AngloGold Ashanti's rating following a plummet in the precious metal's price.
Unsecured lender African Bank's outlook rating has been downgraded from stable to negative by Moody's Investors Service.
The outlook for South Africa's credit rating remains negative, with concerns over the government's ability to curb spending and mining strikes.
Business optimism may be up but serious economic and labour challenges lie ahead for South Africa, writes Phillip de Wet.
Three up-and-coming African nations, Nigeria, Zambia and Kenya have each received their first sovereign credit rating by Moody's investor service.