Tag: credit downgrade

What are the chances of a downgrade for South Africa’s credit rating? Here’s what Moody’s has to say…

Moody’s has previously said the slide into recession for the country would exacerbate fiscal and monetary challenges.

What S&P’s downgrade means for you

Happy Ngale explains the impact of S&P's downgrade on South African consumers.

South Africa’s central bank cautious about more rate cuts

The South African Reserve Bank (SARB) is taking a cautious approach to monetary policy as risks to the inflation outlook are on the upside, deputy governor Daniel Mminele said. South Africa’s consumer price...

Op-Ed: Being an optimist in trying times

I am an optimist and believe that tomorrow will be better than today; that the future will be better than the present. This is a mind-set that has worked for me in...

Moody’s downgrades SA one notch, assigns negative outlook

South Africa avoids being downgraded to junk by Moody's

Where is South Africa going and what does it mean for markets?

What path is South Africa on? The market (and to a lesser degree ratings agencies) are still making up their minds. We think one thing is certain – this is not a ‘normal’ sentiment shock, nor a brief negative to be reversed shortly after like Nene-gate.

S.A: ANC rejects calls for Zuma to quit

South Africa's ruling African National Congress backed President Jacob Zuma after two key allies of the party called for his resignation following a cabinet reshuffle that cost the country one of its investment-grade credit ratings.

S&P downgrades SA to junk

South Africa Long-Term Foreign Currency Rating Cut To BB+ Statement by S&P: OVERVIEW In our opinion, the executive changes initiated by President Zuma have put at risk fiscal and growth outcomes. We assess that...