Standard And Poor S
latest news & developments
Corrupt state owned enterprises lie at the heart of South Africa’s economic woes
The country stands to slip deeper into crisis unless the lust for loot is stopped. The economy is already in deep trouble.
Gigaba knew of junk status days prior to S&P’s announcement
The new finance minister says he did not inform South Africa of the downgrade because it had been made in confidence
South Africa’s negative outlook sign of downgrade to follow – S&P
According to analysts, S&P is likely to downgrade South Africa’s sovereign credit rating to junk status by mid-2017.
WATCH: Finance minister Pravin Gordhan presents mini-budget speech #MTBPS2016
Today’s #MTBPS2016 will be key to South Africa averting a credit downgrade by rating agencies.
SA’s sovereign rating may avoid being downgraded to junk
Things remain stable, assures rating agency Standard & Poor’s – at least for the time being.
Budget speech: Nene clamps down on bugbears
The finance minister announced treasury’s intention to reduce the main budget expenditure ceiling by R25-billion over the next two years.
Credit ratings and outlook for SA unchanged
Two rating agencies delivered some good news on Friday evening when both kept their credit ratings and outlook for South Africa unchanged.
Investors see Russia less risky than SA as strikes impede growth
Investors are beginning to favour the Eastern European country over South Africa as strike in mining and metals overshadow the seizure of Crimea.
SA will miss 2014 economic growth target – Nene
The new finance minister says the country is unlikely to meet a a growth target of 2.7% for the year given the protracted platinum strike.
ANC calls on South Africans to grow economy
The ANC has called on South Africans to help grow the economy after ratings agency Fitch changed its outlook on SA’s credit rating to negative.
SA credit rating dealt double blow after S&P downgrade
Just hours after Fitch changed its outlook on SA’s credit rating to negative, Standard and Poor announced its downgrading by one notch.
SA credit rating downgrade looms
Ratings agency Fitch has downgraded its South African outlook to negative, and analysts expect Standard & Poor’s to downgrade too.
Moody’s keeps negative rating for SA banks
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.
S&P’s affirms SA’s credit rating with negative outlook
Ratings agency Standard & Poor’s has affirmed South Africa’s sovereign credit rating at BBB with a negative outlook.
Turmoil erupts as Tunisia’s prime minister resigns
Tunisia’s Hamadi Jebali has stepped down after failing to appoint a new government, while the country’s credit rating has been downgraded again.