Best of BizNews #1 – Andrew Donaldson: Asking RW Johnson why SA hasn’t much time left
This interview with RW Johnson was particularly well read and attracted many comments, both positive and negative.
credit ratings
One swallow does not a summer make
We are hopeful that recent initiatives by Ramaphosa’s administration will be the start of a concerted structural reform drive rather than ad hoc measures taken out of desperation.
What’s next for the Rand, SA after ratings downgrades: Forex expert Andy Rissik
‘The reality is that South Africa is running out of money.’ Sable International’s Andy Rissik sets out his analysis of ratings downgrades.
Financial stability in danger, warns Reserve Bank. Full central bank report; plus quick summary
If planned fiscal consolidation is unsuccessful, government could face debt distress with adverse implications for the broader economy, warns: SA Reserve Bank
Ratings agency hits give Tito extra ammo to kill off SAA
After drawing attention to the economic pain that will emanate from two ratings agency downgrades, Mboweni asked what should be done about SAA?
Ratings downgrades: wake-up call for SA
South Africa plunged deeper into junk territory after Moody’s joined Fitch Ratings in lowering the country’s credit ratings to a level worse than in 1994.
BizBriefing: SA plunges deeper into junk; Ramos, Manuel on list of taxpayer leeches; ANC discusses Ace
South Africa has fallen deeper into junk territory after Moody’s Investors Service joined Fitch Ratings in lowering the country’s credit ratings on Friday.
Ratings downgrades are a vote against Ramaphosa – DA
The DA says South Africa’s latest investment ratings downgrades are a clear vote of no confidence in the country’s president.
Defer ratings agency reviews in times of crisis – Misheck Mutize
Rating agencies have downgraded emerging market economies during the Covid-19 pandemic; raising the question: why do so during a crisis?
Why investors, ratings agencies worry about Eskom: Still too many secrets – Chris Yelland
South Africa’s power utility Eskom is repeatedly flagged up as a significant blight on the investment landscape and is often cited as a significant drag on economic growth.