-
Fitch maintains Eskom's rating
Fitch said it would maintain Eskom’s Long-Term Local Currency IDR and unguaranteed local currency senior unsecured ratings of ‘BB-’.
-
Fitch: SA economy on the mend but rot in SOEs a concern
Fitch says Treasury's plan to raise value-added tax to stabilise debt and rake in more revenue represents a partial reversal of recent fiscal deterioration.
-
#Budget2018 ‘receives positive feedback’ from ratings agencies
Treasury Director-General Dondo Mogajane says officials spoke with S&P and Moody’s immediately after Minister Gigaba delivered his speech on Wednesday.
-
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.
-
Fitch says Ramaphosa to bring greater focus to improving governance
Fitch says President Cyril Ramaphosa will bring a greater focus to improving governance and strengthening both economic and fiscal policy for South Africa.
-
Fitch: South African political uncertainty to persist in 2018
The National Executive Committee is also likely to be divided. The narrow margin of victory suggests support within the ANC for Ramaphosa's policies could remain fragile, says Fitch.
-
Fitch cuts Nigeria's 2017 GDP growth forecast to 1%
Nigeria returned to growth in the second quarter of 2017 after shrinking by 1.5% in 2016 but the recovery has been fragile.
-
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.
-
Fitch keeps SA's credit ratings unchanged at BB+
In April, Fitch downgraded South Africa's credit rating to sub-investment grade.
-
S&P, Fitch leave UK credit rating on hold but warn on Brexit
Having already stripped Britain of its top-notch “AAA” rating, both agencies stuck with their “AA” rating with a negative outlook, warning they were likely to downgrade again.
-
Fitch: Mahlobo appointment sends mixed signals on SA nuclear programme
While Finance Minister Malusi Gigaba indicated that we don't have enough money for the project, Fitch says it seems that government is still pushing for the project to go ahead with the new Energy Minister driving the process.
-
SA avoids ratings downgrade by Moody's
Treasury says the firm has already made two changes to the country's debt status.
-
Gigaba: Downgrades had minimal impact on Govt Pension Fund
However, Malusi Gigaba says the Public Investment Corporation has warned the probability of more downgrades for rand denominated debt into junk territory remains high.
-
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.
-
Fitch reaffirms South Africa BB+ rating
Fitch says it is unlikely that government will raise its expenditure ceilings, which has served as anchor for fiscal policy.
-
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.
-
Fitch 'very concerned' situation in SA not improving: union
In April, Fitch cut South Africa's debt to subinvestment, citing the recent Cabinet reshuffle when President Zuma fired his third finance minister in two years.
-
Why one asset manager refuses to use the word 'junk'
Asset manager Citadel has dumped the term "junk status". Find out why.
-
Gigaba: Investors want ANC to explain radical economic transformation
President Jacob Zuma has said he will redistribute wealth in the economy, still largely held by a white minority, to poor black people.
-
Fitch follows S&P in downgrading SA banks
Ratings agency Fitch downgraded five South African banks in a widely expected move, days after it cut the country's credit rating to sub-investment grade.
-
Reserve Bank says downgrades, weakening rand pose risk
The bank says the biggest risk to its policy aim of keeping consumer prices below 6% was the weakening exchange rate.
