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latest news & developments
Editorial: Who is to blame for the Eskom crisis?
There’s not just one person to blame for decades of mismanagement of an electricity crisis that was made known some 25 years ago
Eskom: From fail to bail to auction block
A Greenpeace report outlines ways Eskom can adopt green technology and save itself financially
Moody’s stays mum on SA status
The ratings agency did not make a decision on South Africa’s rating leaving some analysts asking just when the axe will fall
Kganyago: SA banks can hold out against a downgrade
Should Moody’s downgrade the country, South Africa will fall out of important global government bond indices
Fees can reduce retirement savings
Small differences in fund management fees can be an investment killer in the long term
Ratings agencies are false prophets of doom
Their opaque methodology and the inconsistent results generated in recent years have rightly brought ratings agencies under sharper scrutiny.
Moving mountains for Moody’s
Whenever an international credit rating agency such as Moody’s or Standard & Poor’s comes to town, I like to tidy up a bit.
Russia’s falling stock market faces new sanctions
A day after a US ratings agency downgraded ?Russia to "junk" status, the country’s index fell by 3%. Russia could also face new sanctions.
Moody’s downgrades SA and Fitch could follow suit
Moody’s is the second ratings agency in 2014 to downgrade South Africa and Fitch, analysts warn, could very well do the same next month.
Growth risks mount even as SA dodges a recession
GDP data is expected to show SA rebounded from a contraction but there still remains little momentum to spur economic growth.
IMF likely to cut South Africa’s economic growth forecast
The International Monetary Fund is looking to cut its expectations of South Africa’s GDP growth this year, a senior official has hinted.
Fed tapering could threaten Africa’s growth, says World Bank
Growth forecasts for the Sub-Saharan region have been revised downward as it will likely feel the impact of reduced monetary stimulus in the US.
AngloGold demands Standard & Poor promote it from junk status
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.
AngloGold rating cut to junk with stable outlook at S&P
Another ratings agency has cut gold giant AngloGold Ashanti’s rating following a plummet in the precious metal’s price.
SA’s Moody rating remains bleak amidst ongoing strikes
The outlook for South Africa’s credit rating remains negative, with concerns over the government’s ability to curb spending and mining strikes.