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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The utility says the energy availability at six power stations has picked up
Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened
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The IMF and World Bank should use the crisis to divert cash to Global South countries to ease the effects of climate change
The ratings agency is expected to say on Friday whether it will downgrade SA’s credit rating to junk, but it could hold off until the Covid-19 pandemic eases
The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27
S&P would likely wait for the next budget, when there is more clarity on the fiscal position before taking a decision
Its food and financial services divisions did well but won’t offset the clothing division losses
Other than a possible recovery in the agricultural sector, there is nothing to get excited about
The Reserve Bank placed the African Bank under curatorship in 2014
Moody’s has revised the country’s outlook from negative to stable.
Eskom has confirmed that the R5-billion short term loan it received from the Public Investment Corporation (PIC) will be paid back on Thursday
S&P Global Ratings has again downgraded the long-term debt of Eskom
“Should politics continue to improve, then credit ratings agencies might be willing to postpone a downgrade and the rand could hold onto its gains"
Gigaba’s future in President Ramaphosa’s cabinet is uncertain
The prospective rating agency is said to challenge the three pro-west dominant credit rating agencies Fitch, Moody’s and S&P global rating.
“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.
Not even a Ramaphosa win can resolve problems in the short term, making a downgrade likely
S&P Global has downgraded SA’s credit rating to full junk status, while its counterpart Moody’s has placed the country on review for downgrade.
The fact that Gigaba runs at a credibility deficit, may just be what sways ratings agencies to downgrade South Africa to sub-investment grade.
The ANC’s international relations subcommittee plans to push for the establishment of a Brics ratings agency to be official party policy.
"Two consecutive quarters of negative growth is the most widely accepted definition of a recession, according to StatsSA"
Technocrats can do a great deal to help South Africa’s situation by presenting factual arguments to the politicians, says a treasury official.
The ruling party’s NEC member says former finance minister Pravin Gordhan is partly to blame for South Africa’s credit downgrade.
The new finance minister says he did not inform South Africa of the downgrade because it had been made in confidence
The rand has continued to slide, reaching 13.67 to the dollar, an hour after news of the ratings downgrade broke.
The decision taken at an emergency meeting follows President Jacob Zuma’s Cabinet reshuffle on Thursday.
According to analysts, S&P is likely to downgrade South Africa’s sovereign credit rating to junk status by mid-2017.
The credit rating agency warns that political interference in government policy could lead to a downgrade.
Postgraduate researcher Mampho Modise explains the signifance of credit reviews and the impact a negative review could potentially have on SA.
More than half of 12 economists surveyed by Bloomberg said S&P Global Ratings will strip the nation of its investment-level rating.