Credit Rating
latest news & developments
10 million South Africans are drowning in debt
The debt counselling process is not always smooth, as a Durban homeowner who fell into arrears on her mortgage has discovered
A year after the riots, South Africa is a tinderbox waiting to be lit
Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened
Light at end of tunnel, but wage bill could blow the budget
The treasury is meeting rating agencies that identified the public service compensation as a threat to South Africa’s credit outlook
Without the ANC, Malema is a ‘destroyer of confidence’ no more
As the ANC’s Youth League leader, Julius Malema spooked investors a decade ago by popularising calls to nationalise the mines
2022: A return to normality or more economic uncertainty?
Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
Godongwana ‘will be just fine’
The new finance minister has a difficult task, but analysts say his political capital will help him hold a hard line on state spending
Destruction hits business confidence
An already low sentiment will be set back by the Covid-19 pandemic, thin reforms and this week’s violence
Unrest’s economic hit is likely temporary, but risk of fiscal strain mounts — Fitch
The ratings agency warned that South Africa’s public finances could be affected if the government reacts to the riots by easing fiscal policy
Kganyago: Monetary policy entails trade-offs
The South African Reserve Bank governor believes the state has to spur growth, restore the country’s public finances and arrest debt to escape the economic slump
Ratings agencies might give SA a ‘klap’ — Mboweni
Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk
Moody’s axe likely to fall on ordinary South Africans
The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27
Moody’s stays mum on SA status
The ratings agency did not make a decision on South Africa’s rating leaving some analysts asking just when the axe will fall
Mboweni’s Budget shows further erosion in SA’s fiscal strength — Moody’s
Moody’s currently has South Africa’s debt at Baa3 with a stable outlook, one notch above junk status
‘Weak state entities a risk to SA’s credit rating’ — Moody’s
An upgrade would be possible through the implementation of structural reforms to raise growth
No let-up in Turkey lira slide after Moody’s downgrades
The currency has been hit by concerns over monetary policy under President Recep Tayyip Erdogan