Moody's

 
Nene promises financial prudence as all eyes turn to the MTBPS
Nene promises financial prudence as all eyes turn to the MTBPS
Finance Minister Nhlanhla Nene gave assurances on Thursday that government was committed to fiscal prudence, despite additional spending pressures...
Bleeding SA turns to Ramaphosa
Bleeding SA turns to Ramaphosa
The government has not been sitting on its hands since the announcement on Tuesday that the country is in a technical recession, the treasury’s...
Bloodied economy’s future is grim
Bloodied economy’s future is grim
The economy shrank for a second consecutive quarter, Statistics South Africa announced this week, dashing hopes that the country could dodge this...
No let-up in Turkey lira slide after Moody's downgrades
No let-up in Turkey lira slide after Moody's downgrades
The Turkish lira showed no sign of recovery as it slid further against the US dollar on Wednesday, hours after Moody's downgraded its credit...
Talk of state spending rings hollow
Talk of state spending rings hollow
The ANC’s proposed economic stimulus package to boost growth and possible plans by the government to pump more money into ailing parastatals...
Eskom posts R2.3bn loss, R19bn in irregular expenditure
Eskom posts R2.3bn loss, R19bn in irregular expenditure
Eskom suffered a net loss of R2.3-billion in 2018, the state-owned power producer revealed at it financial results presentation on Monday.
African trade far from free
African trade far from free
South Africa has finally signed the Africa Continental Free Trade Agreement, but the journey towards creating a common market of goods and services...
Jo’burg cash flow under a microscope
Jo’burg cash flow under a microscope
It was third time lucky for Johannesburg mayor Herman Mashaba, who finally managed to get the City of Johannesburg’s 2018–2019 budget approved....
Eskom unplugs fears of load-shedding
Eskom unplugs fears of load-shedding
About a quarter of its generation capacity is out of commission but power utility Eskom says it does not expect load-shedding this winter.
Consumers have a little more money for Easter eggs
Consumers have a little more money for Easter eggs
The South African Reserve Bank has given borrowers a little Easter holiday gift, announcing a 25 basis point cut in interest rates on Wednesday....
South Africa dodges junk status and gains a stable economic outlook
South Africa dodges junk status and gains a stable economic outlook
A recovery of the country’s institutions under new leadership, improved growth prospects, and clear and stable fiscal plans are the key reasons...
Rand firms for second day as markets consider downgrade unlikely
Rand firms for second day as markets consider downgrade unlikely
The rand continued to firm for a second day on Thursday morning, as markets considered it unlikely that Moody's will downgrade South Africa's...

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