As coalition discussions intensify, the party could end up making significant policy concessions to navigate South Africa’s uncertain future This content is restricted to…
Earlier this year, the ratings agency warned that a significant increase in the government’s debt-to-GDP ratio could knock its credit rating
The debt relief amounts to almost as much as the power utility has received in bailouts since 2008
The minister said there may be different styles depending on the candidates, but the party’s policies will not waver
Growth in the third quarter is encouraging, but analysts have cautioned against viewing the data as a sign of the economy’s improved health
South Africa’s fate is tied to China’s, but war-related disruptions in the global energy market keep exports going
The new finance minister has a difficult task, but analysts say his political capital will help him hold a hard line on state spending
With little money to respond to Covid-19, the government is looking at other sources of funding
The ratings agency is expected to say on Friday whether it will downgrade SA’s credit rating to junk, but it could hold off until the Covid-19 pandemic eases
The ratings agency is scheduled to announce its decision on a possible downgrade of SA credit worthiness on March 27
Rating agencies have been at the centre of major financial crises
Cyril Ramaphosa has to get his entire Cabinet and the ruling ANC to pull in the same direction to make it work
The package has echoes of previous promises but ministers say that this time they will be kept
The ratings agency also flagged the recent rand depreciation as something which could complicate policy meant to tackle low GDP growth
Donald Trump has threatened to go after all imports from China if the country refuses to change policies Trump says harm US industry
The prospective rating agency is said to challenge the three pro-west dominant credit rating agencies Fitch, Moody’s and S&P global rating.
Moody’s placed South Africa on negative ratings watch but stopped short of downgrading South Africa outright.
Experts warn state clinics and hospitals are likely to further deteriorate as the public purse shrinks.
The new finance minister says he did not inform South Africa of the downgrade because it had been made in confidence
Their opaque methodology and the inconsistent results generated in recent years have rightly brought ratings agencies under sharper scrutiny.
