The world is changing fast and to keep up you need local knowledge with global context.
Rating agency Moody’s has changed Sanral’s outlook from stable to negative, due to debt and decreased e-toll revenue.
South Africa’s rand dipped to its weakest level in over four weeks against the U.S. dollar on Friday following a credit rating downgrade by Moody’s in the previous session.
S&P regards itself as the most conservative of the world’s three major credit ratings agencies. So the news that it will not be adjusting the ratings of any SA bank is heartening in a banking system rocked by the collapse of microlending pioneer Abil. In our interview on CNBC Africa’s Power Lunch today, S&P’s primary … Read more
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