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.
Spending on current items such as public sector wages put at risk the roll-out of the government’s infrastructure programme, economists have warned.
Steps will be taken to improve public and investor confidence in the economy it was agreed at a social dialogue meeting on the state of the economy.
The controversial e-tolling of Gauteng’s major highways could very well tip South Africa’s credit rating over the edge, ratings agency Moody’s says.
Credit rating companies have revealed that relative debt levels have soared to historic heights and the outlook for SA’s local government is gloomy.
Moody’s has cut the rating of South Africa and the banking sector by a notch. This means the government’s infrastructure ambitions have to be trimmed.
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/ 19 November 2011
Kgalema Motlanthe says Moody’s downgrading of South Africa’s credit rating outlook was wrong and lacked understanding of government’s efforts.
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/ 9 November 2011
South Africa has played down suggestions from Moody’s that political pressure could lead to a further deterioration in public finances.
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/ 18 October 2011
Scepticism over Europe’s ability to deliver a proper solution to its debt troubles and a warning from Moody’s weighed on world market sentiment.
Moody’s Investors Service cut its rating on Japan’s government debt by one notch to Aa3 on Wednesday, blaming revolving-door political leadership.
A bitter divide remained in the US before Tuesday’s deadline to raise the country’s debt ceiling, to avoid a crippling default.
Moody’s Analytics believes that South Africa’s economic recovery is durable and that business confidence is on an upward trajectory.
Global ratings firm Moody’s believes that a successful SABMiller’s acquisition bid of Australian brewer Foster’s would benefit both companies.
Unemployment, deep social challenges and capacity shortfalls could negatively affect the South African government’s AAA rating, Moody’s has warned.
Moody’s Investors Service has changed to positive from stable the outlook for the A2.za long-term national-scale rating assigned to Capitec Bank.
Moody’s downgraded Portugal’s credit rating on Tuesday, saying the debt-stressed country is struggling to generate growth and faces a tough battle.
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/ 23 January 2009
The tentacles of the deepening global recession are reaching Africa’s largest economy, which is at risk of slipping into recession in 2009.
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/ 19 January 2009
Government needs to say how it plans to protect the local economy from the effects of the global financial crisis, the DA said on Monday.
Moody’s on Monday downgraded ratings for power utility Eskom as the company battles higher costs and tries to meet huge capital expenditure needs.