Latest articles on Ratings Downgrade

Covid-19 causes Acsa to dust off its begging bowl

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

Covid-19 puts Eskom’s integrated resource plan at risk

The economic effects of the pandemic could hamper the government’s initiative to procure new generation capacity

Rand firm as Moody’s delays ratings move

Last week, the rand rebounded sharply following lower-than-expected CPI figures from the US as well as a decline in US stocks

Rand firms for second day as markets consider downgrade unlikely

Ratings agency Moody’s is set to announce on Friday whether it will downgrade the country’s sovereign credit rating to junk

Eskom signs R20bn credit facility amid ‘unfortunate’ downgrade

​S&P Global Ratings has again downgraded the long-term debt of Eskom

SARB stalls cuts in rates

“The challenge for government will be to find ways to finance the deficit in a growth-positive manner"

Moody’s cautious on Ramaphosa win

Moody’s placed South Africa on negative ratings watch but stopped short of downgrading South Africa outright.

Recession risks hitting healthcare where it counts

Experts warn state clinics and hospitals are likely to further deteriorate as the public purse shrinks.

Mbalula lashes out at Gordhan and other ANC leaders

The ruling party's NEC member says former finance minister Pravin Gordhan is partly to blame for South Africa's credit downgrade.

From Cabinet reshuffle to junk status in just 90 hours

The rand has continued to slide, reaching 13.67 to the dollar, an hour after news of the ratings downgrade broke.

South Africa is on a cliff edge – just as it was in 1985

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.

South Africa has a new energy plan. But will it break the bank?

The recently updated Integrated Resource Plan calls for significant investment in South Africa's power supply. But can the country afford it?

S&P: Undermining key institutions could see South Africa downgraded to junk status

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 credit downgrade could be a bad omen for South Africa

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?

‘Get real’: Gordhan will find it hard to sell sceptical investors a good story

Financiers are likely to question the dearth of restructuring and the country’s faltering growth.

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