South African government bonds weakened earlier after S&P Global Ratings on Friday downgraded the country’s local currency debt to sub-investment grade, while foreign currency debt was pushed deeper into “junk” territory. Moody’s decision to only place South Africa on review for downgrade had brought some relief to the currency but the country’s next even risk is remains the ANC December elective conference. Joining CNBC Africa to discuss the impact of South Africa’s recent credit ratings downgrade and the impact this will have on the wider economy and retail facing stocks are Annabel Bishop, Chief Economist, Investec, Lesiba Mothata, Executive Chief Economist at Alexander Forbes and Michael Treherne, Portfolio Manager, Vestact.
By Kennedy Mubita, Africa Head, SC Ventures. Imagine a bank whose customers can tap on a wearable device to...
By Kariuki Ngari, CEO & Managing Director, Standard Chartered, Kenya & East Africa COVID-19 has upended the social and...
Acknowledged as the world’s largest Africa-focused digital infrastructure and emerging tech event, the Africa Tech Festival has always attracted a stellar line-up of critical thinkers, analysts, futurists, keynote and inspirational speakers. 2020 will more than deliver on that reputation, with a stimulating array of visionary industry presenters, raconteurs and even some sporting greats.
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