Fitch
latest news & developmentsBudget: debt peaks but growth lags
The projected economic growth trajectory remains insufficient to address structural unemployment
Economists split on whether 2026 budget marks a real turning point
The growth outlook is insufficient to alter unemployment dynamics, some argued
African ratings agency a feasible option?
But international investors are unlikely to accept ratings they perceive as lenient
Ster-Kinekor suffers blockbuster blues
But the cinema group’s chief executive insists that the show will go on as load-shedding abates
Elections: ANC, DA and EFF go toe-to-toe on the economy
With the country’s economy on the brink, the ‘Big Three’s’ employment and growth promises hold more weight than ever
With little detail about Eskom’s debt plan expected, budget could disappoint
The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness
Editorial: Who is to blame for the Eskom crisis?
There’s not just one person to blame for decades of mismanagement of an electricity crisis that was made known some 25 years ago
Long road ahead for South Africa to climb out of junk status
Economist don’t expect an upgrade anytime soon, but the country is in a better position to claw back its investment grade rating
Nigeria’s economy short circuits despite oil gains
Africa’s largest oil producer has not been able to cash in fully on the price rally because of lacklustre production and its reliance on imported fuel
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
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
The numbers don’t lie: Tito Mboweni must focus on the long game, experts say
Experts offer their advice about what Finance Minister Tito Mboweni should focus on in next week’s budget speech