No Moody’s news is good for SA bond yields; fall to 10-month low
South African benchmark bond yields fell to the lowest in 10 months and the rand extended gains after Moody’s Investors Service chose not to update its investment grade rating.
South African benchmark bond yields fell to the lowest in 10 months and the rand extended gains after Moody’s Investors Service chose not to update its investment grade rating.
Leading credit ratings agency Moody’s is expected to release an updated review of South Africa’s credit rating today, 11th August.
The South African Reserve Bank said the remedial action proposed by the Public Protector to have its mandate changed had a damaging effect on the country.
Well known economist Azar Jammine unpacks the recent Public Protector’s statement, arguing that the road she’s chosen is a one way ticket to Venezuela.
Malusi Gigaba bemoaned the myriad of analysts doubting his credentials in his new position and in particular, casting aspersions on his vulnerability to state capture by the Zuma/Gupta factions.
Azar Jammine explains in this superb analysis of the official GDP figures for the first quarter of 2017, bad politics finally caught up with the country and has now smashed the economy’s resilience.
Azar Jammine is the second economist to drop his GDP forecast as a direct result of the impact from SA president Jacob Zuma’s firing of his finance minister Pravin Gordhan.