The SOE has asked the government for R3.5-billion in extra support over the next three years to offset losses incurred because of the pandemic
The economic effects of the pandemic could hamper the government’s initiative to procure new generation capacity
Last week, the rand rebounded sharply following lower-than-expected CPI figures from the US as well as a decline in US stocks
Ratings agency Moody’s is set to announce on Friday whether it will downgrade the country’s sovereign credit rating to junk
S&P Global Ratings has again downgraded the long-term debt of Eskom
“The challenge for government will be to find ways to finance the deficit in a growth-positive manner"
Moody’s placed South Africa on negative ratings watch but stopped short of downgrading South Africa outright.
Experts warn state clinics and hospitals are likely to further deteriorate as the public purse shrinks.
The ruling party’s NEC member says former finance minister Pravin Gordhan is partly to blame for South Africa’s credit downgrade.
The rand has continued to slide, reaching 13.67 to the dollar, an hour after news of the ratings downgrade broke.
International banks and companies will be much more reluctant to make loans to SA entities now that the country’s credit rating has been downgraded.
The recently updated Integrated Resource Plan calls for significant investment in South Africa’s power supply. But can the country afford it?
The rating agency’s MD, Konrad Reuss, said in Cape Town that recent political events in the country could weigh heavily on investor confidence.
Turkey’s economy is growing faster than SA’s, so could political volatility tip us into being the next emerging market to be afforded junk status?
Financiers are likely to question the dearth of restructuring and the country’s faltering growth.
Analysts warn that blunders in policy could bring about a downgrade by the end of the year.
It appears that South Africa’s rating downgrade has been postponed until December – but is inevitable regardless, say some economists.
Reserve Bank notes major recent shocks to economy, but says our banks could withstand a ratings downgrade.