The projected economic growth trajectory remains insufficient to address structural unemployment
The growth outlook is insufficient to alter unemployment dynamics, some argued
But international investors are unlikely to accept ratings they perceive as lenient
With the country’s economy on the brink, the ‘Big Three’s’ employment and growth promises hold more weight than ever
The utility says the energy availability at six power stations has picked up
Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened
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
S&P would likely wait for the next budget, when there is more clarity on the fiscal position before taking a decision
Its food and financial services divisions did well but won’t offset the clothing division losses
Other than a possible recovery in the agricultural sector, there is nothing to get excited about
The Reserve Bank placed the African Bank under curatorship in 2014
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
S&P Global Ratings has again downgraded the long-term debt of Eskom
“Should politics continue to improve, then credit ratings agencies might be willing to postpone a downgrade and the rand could hold onto its gains"
Gigaba’s future in President Ramaphosa’s cabinet is uncertain
The prospective rating agency is said to challenge the three pro-west dominant credit rating agencies Fitch, Moody’s and S&P global rating.
“The challenge for government will be to find ways to finance the deficit in a growth-positive manner"
Moody’s placed South Africa on negative ratings watch but stopped short of downgrading South Africa outright.
