Moody’s is worried about South Africa’s mounting debt
Moody's has warned that South Africa's debt could hit 65% of GDP over the next five years - but doesn't plan to downgrade the country to junk just yet.
View ArticleHigh chance of recession in South Africa: Moody’s
South Africa's dismal financial results in Q1 2019 point to a high possibility of a technical recession hitting the country, says credit agency Moody's.
View ArticleMoody’s cuts South Africa’s growth forecast after shock GDP numbers
Ratings firm Moody's has lowered South Africa's GDP growth prospects for 2019 - cutting it to 1.0% from a forecast of 1.3% previously.
View ArticleBy almost all measures, South Africa’s economy was in better shape in 2008
Lesetja Kganyago, then the top official at South Africa’s Treasury, was taking a break at Sugarloaf Mountain in Rio de Janeiro between two G-20 meetings in November 2008 when he got the bad news.
View ArticleBetter times ahead for South Africa Inc
The last five years have been ladened by market volatility, with investors exposed to local equities suffering the most as returns continued on a general downward trend. South Africa’s economy has...
View ArticleReport warns of alarming jump in South Africa government debt
South African government debt to GDP is fast approaching 60%, according to the International Institute of Finance (IIF), sounding alarm bells over the country's ability to finance it.
View ArticleEskom bailout is ‘credit negative’ for South Africa: Moody’s
Ratings agency Moody's has warned that South Africa's planned R59 billion bailout for Eskom is çredit negative'.
View ArticleNedbank cuts growth forecast for South Africa
Nedbank has revised its growth forecast for South Africa, and has called for more urgency in dealing with the economic and fiscal deterioration in the country's economy.
View ArticleEskom needs urgent turnaround plan: Moody’s
Eskom Holdings SOC Ltd urgently needs a plan to turn profitable or South Africa’s state-owned utility will collapse under mounting debt, according to credit agency Moody’s Investors Service.
View ArticleHere is the expected petrol price for September
The Department of Energy's Central Energy Fund has published mid-month data on the movement of the fuel price, showing how much motorists are likely to pay in September.
View ArticleMoody’s says fixing Eskom will take time
Fixing loss-making power utility Eskom Holdings SOC Ltd is complex and it will take time for the government and the company to agree to a plan, according to Moody’s Investors Service.
View ArticleSouth Africa’s sluggish economy will dampen growth prospects for banks: Moody’s
Ratings firm Moody's has published two reports assessing the state of South Africa's banks and non-financial companies, and their risk profiles in a constrained economic environment.
View ArticleSouth Africa set to avoid downgrade in 2019: Moody’s
Ratings agency Moody's is unlikely to downgrade South Africa in 2019, provided the country remains on its current trajectory.
View ArticleInvestors are ditching South African bonds as Moody’s junk threat looms
There’s still a month to go until Moody’s Investors Service reviews South Africa’s sovereign rating, but foreign investors aren’t taking chances.
View ArticleWorld Bank cuts South Africa’s growth forecast
The World Bank has cut its economic growth forecast for South Africa for 2019, through to 2021, citing low investor sentiment, and persisting policy uncertainty.
View ArticleIs Cyril Ramaphosa driving South Africa forward?
While president Cyril Ramaphosa has made some progress on reforming South Africa's struggling economy, big business is growing impatient with his 'trickle-through' approach to reform and government’s...
View Article9 major economic issues weighing South Africa down
Finance minister Tito Mboweni’s upcoming medium-term budget speech will provide government with an opportunity to discuss a number of financial issues facing the country.
View ArticleStrong rand likely to be short lived
The rand traded in a narrow range on Friday (18 October) as markets paused momentarily to digest some of the events that have taken place in recent sessions.
View ArticleWhat could happen to the rand if Moody’s downgrades South Africa
South Africa is preparing itself for the possibility that Moody’s may downgrade the country's sovereign credit rating to sub-investment grade.
View ArticleRand down 20% against the dollar since Ramaphosa took office
An unemployment rate of 29%, an economy stuck in the longest downward cycle since World War II, chronic electricity shortages and soft business confidence — after 20 months running South Africa,...
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