FITCH – The Mail & Guardian

/ 8 April 2024

Ster-Kinekor suffers blockbuster blues

But the cinema group’s chief executive insists that the show will go on as load-shedding abates

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By Sarah Smit

Politics

/ 9 March 2024

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

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By Sarah Smit

Business

/ 20 February 2023

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

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By Sarah Smit

Editorial

/ 27 January 2023

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

By Editorial

Business

/ 16 November 2022

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

By Sarah Smit

Business

/ 6 April 2022

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

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By Sarah Smit

Business

/ 24 February 2022

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

By Sarah Smit

Politics

/ 12 February 2022

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

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By Sarah Smit

Business

/ 5 January 2022

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

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By Sarah Smit

Business

/ 15 July 2021

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

By Sarah Smit

Business

/ 5 June 2021

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

By Sarah Smit

Business

/ 18 February 2021

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

By Hannah Marais, Bonang Mohale and Nthabiseng Moleko

Africa

/ 18 November 2020

China blamed for Zambia’s debt, but the West’s banks and agencies enabled it

The narratives about the African country’s debt crisis are being used as fodder in geopolitical battles

By Grieve Chelwa

Article

/ 28 March 2020

South Africa has been junked

Treasury says the credit ratings downgrade “could not have come at a worse time”, as country enters a 21-day Covid-19 lockdown with little money saved up

By Thando Maeko

Article

/ 30 March 2019

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

By Lynley Donnelly

Article

/ 28 March 2019

Kganyago: SA banks can hold out against a downgrade

Should Moody’s downgrade the country, South Africa will fall out of important global government bond indices

By Lynley Donnelly

Article

/ 2 July 2017

ANC wants Brics ratings agency as policy

The ANC’s international relations subcommittee plans to push for the establishment of a Brics ratings agency to be official party policy.

By Dineo Bendile

Article

/ 7 April 2017

Fitch becomes second agency to downgrade SA’s credit rating to junk

Fitch cited the recent Cabinet reshuffle as a reason for the downgrade.

By Lynley Donnelly

Article

/ 3 April 2017

S&P downgrades South Africa’s credit rating to junk status

The decision taken at an emergency meeting follows President Jacob Zuma’s Cabinet reshuffle on Thursday.

By Ofentse Mboweni

Article

/ 25 November 2016

Fitch changes South Africa’s credit rating outlook to negative

Moody’s will release the review of its credit rating, which is at two levels above junk with a negative outlook, later on Friday

By Staff Reporter

Analysis

/ 24 November 2016

Why credit ratings matter and why they can’t be ignored

Postgraduate researcher Mampho Modise explains the signifance of credit reviews and the impact a negative review could potentially have on SA.

By Mampho Modise

Article

/ 18 November 2016

Junk status is inevitable for South Africa, say economists

More than half of 12 economists surveyed by Bloomberg said S&P Global Ratings will strip the nation of its investment-level rating.

By Staff Reporter

Article

/ 15 June 2014

ANC calls on South Africans to grow economy

The ANC has called on South Africans to help grow the economy after ratings agency Fitch changed its outlook on SA’s credit rating to negative.

By Sapa

Article

/ 12 November 2013

Fitch criticises SA govt’s new credit amnesty plan

A government plan to introduce a new credit amnesty and allow records of old debts to be removed from credit systems has been criticised by Fitch.

By Staff Reporter

Article

/ 15 May 2013

SA’s Moody rating remains bleak amidst ongoing strikes

The outlook for South Africa’s credit rating remains negative, with concerns over the government’s ability to curb spending and mining strikes.

By Staff Reporter

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Article

/ 16 January 2012

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.

By Staff Reporter

Article

/ 13 January 2012

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.

By Staff Reporter

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Article

/ 19 December 2011

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.

By Matt Quigley

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Article

/ 11 November 2008

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.

By Staff Reporter

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Article

/ 10 November 2008

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.

By Gordon Bell

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Article

/ 3 March 2008

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.

By Staff Reporter

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Article

/ 13 February 2008

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.

By Evan Pickworth

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