The fiscus loses millions each day because of illicit trade. Sars can’t tackle this problem alone: it is up to all citizens to play their part
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
An upgrade would be possible through the implementation of structural reforms to raise growth
Moody’s has revised the country’s outlook from negative to stable.
Eskom has confirmed that the R5-billion short term loan it received from the Public Investment Corporation (PIC) will be paid back on Thursday
The budget should placate ratings agencies, but analysts say we need solid political leadership and policy reforms to evade full-blown junk status
Moody’s placed South Africa on negative ratings watch but stopped short of downgrading South Africa outright.
Concerns have been raised that Zuma may be trying to play the family card to avoid possible prosecution after his term is up.
According to analysts, S&P is likely to downgrade South Africa’s sovereign credit rating to junk status by mid-2017.
Their opaque methodology and the inconsistent results generated in recent years have rightly brought ratings agencies under sharper scrutiny.
Postgraduate researcher Mampho Modise explains the signifance of credit reviews and the impact a negative review could potentially have on SA.
