The government ordered 31 million of J&J’s single-dose shots and planned to begin issuing them to people over the age of 60 starting May 17.
South Africa’s National Treasury sees the downgrade of the country’s debt to junk by Moody’s Investors Service as an opportunity to fix the economy.
South Africa could lose its last investment-grade credit rating this week. Moody’s Investor Service is scheduled to release an assessment of the country on Friday.
Leading credit ratings agency Moody’s is expected to release an updated review of South Africa’s credit rating today, 11th August.
Zambia’s Finance Ministry rejected a credit downgrade by Moody’s Investors Service, saying the move was unsolicited and should be ignored.
Rating agency Moody’s has changed Sanral’s outlook from stable to negative, due to debt and decreased e-toll revenue.
New Yorker Joel Stern has been a regular visitor to South Africa for over three decades. He stays in touch through a teaching commitment at UCT and by servicing a number of SA corporate clients. Known globally for his invention of the widely used EVA concept (Economic Value Added), Stern has the gravitas to make … Read more
By Tiisetso Motsoeneng JOHANNESBURG (Reuters) – South Africa’s central bank has disputed credit rating agency Moody’s downgrade of Capitec Bank, saying it disagreed with the rationale behind the two-notch rating cut for the local lender. Moody’s cut the financial strength rating of the lender to D from D+ on Friday and deposit ratings to Ba2/NP from Baa3/P-, … Read more
SA moved closer to a junk credit rating after Fitch changed the outlook on its assessment to negative and warned continued political instability could result in a downgrade.
South Africa’s Rand and bonds retreated early on Wednesday as sentiment was rocked by Moody’s decision to place the country’s credit rating on review for a downgrade.