The debt counselling process is not always smooth, as a Durban homeowner who fell into arrears on her mortgage has discovered
Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened
The treasury is meeting rating agencies that identified the public service compensation as a threat to South Africa’s credit outlook
As the ANC’s Youth League leader, Julius Malema spooked investors a decade ago by popularising calls to nationalise the mines
Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track
The new finance minister has a difficult task, but analysts say his political capital will help him hold a hard line on state spending
An already low sentiment will be set back by the Covid-19 pandemic, thin reforms and this week’s violence
The ratings agency warned that South Africa’s public finances could be affected if the government reacts to the riots by easing fiscal policy
The South African Reserve Bank governor believes the state has to spur growth, restore the country’s public finances and arrest debt to escape the economic slump
Finance minister warns that government’s increased debt could mean ratings agencies downgrade the country’s credit worthiness to junk
The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27
The ratings agency did not make a decision on South Africa’s rating leaving some analysts asking just when the axe will fall
Moody’s currently has South Africa’s debt at Baa3 with a stable outlook, one notch above junk status
An upgrade would be possible through the implementation of structural reforms to raise growth
The currency has been hit by concerns over monetary policy under President Recep Tayyip Erdogan
Moody’s has revised the country’s outlook from negative to stable.
The budget should placate ratings agencies, but analysts say we need solid political leadership and policy reforms to evade full-blown junk status
S&P Global has downgraded SA’s credit rating to full junk status, while its counterpart Moody’s has placed the country on review for downgrade.
Fitch cited the recent Cabinet reshuffle as a reason for the downgrade.
The decision taken at an emergency meeting follows President Jacob Zuma’s Cabinet reshuffle on Thursday.
