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Moody’s in a ‘difficult position’ ahead of ratings announcement
Moody's is expected to announce its rating and outlook after the markets close on Friday.
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Economist: SA's economic growth gaining momentum
The country battled last year with economic growth and political uncertainty but government and business have since consulted the three major agencies to convince them that the overall situation is changing.
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SA braces for Moody’s credit rating announcement
A cut to junk would see South Africa removed from the influential world government bond index, triggering up to R100 billion in selling by foreign investors.
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SA credit downgrade may do less damage than feared
Moody’s, with a downgrade review on South Africa since last November, is to make a decision by 23 March.
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S&P Global is optimistic about SA’s economy, warns more work lies ahead
The agency downgraded the country to junk status last year as state capture, among other things, ravaged investor confidence and some state-owned companies.
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Govt expects SA credit rating to return to investment grade in 24 months
Gigaba has told Reuters that government told ratings agencies that it will to step up efforts to dispose of assets in some state-owned entities to raise money for recapitalisation.
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Gigaba's Budget must inspire investor confidence, avoid downgrade - economist
Treasury is expected to spell out tough decisions to plug a revenue gap and narrow the country's budget deficit.
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Reserve Bank likely to leave rates on hold for now - economists
Members of the Reserve Bank’s Monetary Policy Committee would have over the past two days weighed up a number of factors when deciding on the next interest rate decision.
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[LISTEN] The effect of emigration on property value in SA
The cost of large houses is also resulting in more people selling their houses to downgrade to smaller properties.
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Rand holds near 5-week high in early trade
The currency hit a five-week high of R13.6750 on Monday, taking relief from Moody’s decision to only place South Africa on review for downgrade, while S&P Global Ratings downgraded the sovereign deeper into 'junk' territory.
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Treasury welcomes Fitch’s decision to keep SA’s credit rating unchanged
Treasury says it’s an opportunity to deal with the issues that led to the downgrade in April.
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Sarb seen keeping rates at 6.75%
All but two of the 28 economists surveyed over the past week said rates would stay at 6.75% at the 23 November Reserve Bank meeting.
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SA's budget woes raise stakes for rating reviews
The downgrade concerns have been re-ignited after South Africa’s budget on Wednesday saw the Treasury hike its fiscal deficit forecast for this year to 4.3% of gross domestic product.
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Moody's says South Africa credit rating well placed
The ratings downgrades have put pressure on South African asset prices and could increase its borrowing costs.
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SA braces for latest credit rating review from Moody’s
The rating's agency downgraded the country to one notch above sub-investment grade with a negative outlook in June.
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Moody’s downgrades power utility Eskom
Moody’s downgraded the long-term corporate family rating of Eskom and its zero coupon euro bonds to Ba2 from Ba1.
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Gigaba drops briefing on SA economy to attend ANC meeting
The Finance Minister’s office says Finance Minster Malusi Gigaba has to attend a meeting with the African National Congress leadership today.
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Treasury agrees with S&P Global that pace of economic growth is slow
This was in reaction to a decision by Standard & Poor’s Global not to downgrade the country further.
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SA braces for S&P update on credit rating
Finance Minister Malusi Gigaba has been fighting to portray the country as a sound investment destination following the Cabinet reshuffle in March.
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MPC meets over interest rate decision as SA awaits Moody's review
Some economists expect the Reserve Bank to keep the repo rate at 7% for the 14th consecutive month.
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Nedbank says revenue slows as downgrade weighs
Credit ratings agencies S&P Global Ratings and Fitch in April slashed South Africa's rating to sub-investment grade after a Cabinet reshuffle by President Jacob Zuma and downgraded the nation's banks soon after.
