Fitch downgrades South Africa to junk
Fitch Ratings has become the second global ratings firm to downgrade South Africa to sub-investment grade, the group confirmed on Friday.
View ArticleWeaker rand awaits fresh ratings decisions by S&P and Fitch
The rand continued to lose ground against US dollar early trade on Thursday as the the market cautiously awaiting fresh rating decisions expected this week.
View ArticleSAA bailout is a black mark against SA’s economy, Fitch warns
Ratings firm Fitch has issued its second warning in as many weeks, saying South Africa is putting itself at risk of further economic decline by mismanaging its SOEs.
View ArticleSouth Africa’s ‘new’ economic plan unlikely to boost growth – Fitch
Fitch Ratings says that the South African government's newly announced Inclusive Growth Action Plan is unlikely to significantly boost economic growth prospects.
View ArticleNegative outlook for SA economy
Ratings agency Fitch has affirmed a negative outlook on South Africa's long-term foreign and local currency Issuer Default Ratings
View ArticleRand at worst-ever levels against the dollar
The South African rand continued to trade at its worst-ever levels against the dollar on Tuesday, amid a stagnant local economy and rising debt.
View ArticleGordhan’s appointment changes nothing: Fitch
Ratings agency Fitch said that the replacement of a second finance minister in South Africa within five days has not enhanced confidence in government effectiveness.
View ArticleInvestors already pricing in SA downgrade
Standard Bank is the latest financial institution to express concern over a possible downgrade of South Africa's sovereign credit rating to junk status.
View ArticleFitch downgrades Barclays Africa on sale plans
Fitch downgraded Barclays Africa Group and Absa Bank by one notch, bringing it into line with other major South African banks.
View ArticleHow to avoid a ratings downgrade in South Africa
Moody's will visit South Africa in the next week to make a decision on whether to downgrade its credit status to just one notch above sub-investment grade.
View ArticleRatings agencies aware of SA politics: Gordhan
Finance Minister Pravin Gordhan warned that ratings agencies factor in South Africa's current political turmoil when reviewing its credit rating.
View ArticleHow long it could take SA to recover from junk status
South Africa's sovereign credit rating is likely to be cut to junk status this year by at least one ratings agency, Standard & Poor's.
View ArticleWhat the Reserve Bank thinks about SA junk status chances
The Reserve Bank warns that South Africa faces a medium to high probability of a downgrade to non-investment status.
View ArticleRand hits R15 vs the dollar amid downgrade threat
The rand hit R15 versus the dollar for first time in more than three weeks during New York trade amid concerns of an imminent downgrade as a result of a weakened economy.
View ArticleGlobal ratings agency junks South Africa ahead of Gigaba’s first budget speech
In its latest review of South Africa, Arc Ratings has downgraded South Africa's medium to long term foreign debt rating to BB+ with a stable outlook.
View ArticleFitch keeps South Africa’s credit rating at junk
Ratings agency Fitch Ratings has kept South Africa's long-term foreign and local currency debt ratings at ‘BB+’ - commonly known as "junk" - with a stable outlook.
View ArticleTime to upgrade South Africa’s credit rating: analysts
The likelihood of further downgrades of South Africa’s sovereign credit ratings during 2018 appear to be remote in the light of recent political developments, including the election of Cyril Ramaphosa...
View ArticleSouth Africa must get ready to make sacrifices to escape junk status
Konrad Reuss, S&P Global Ratings MD for sub-Saharan Africa and SA says that the country’s investment grade status recovery depends on reform of fiscal policy, public sector reform and the...
View ArticleThe biggest risks South Africa still faces: Fitch
Credit ratings agency Fitch has outlined what South Africa still needs to fix.
View ArticleRand at strongest level since February 2015
The rand touched a three-year high against the dollar in morning trade on Monday, amid reports that president Cyril Ramaphosa could announce a new cabinet this week.
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