Rand under pressure after Moody’s downgrade

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.

Matthew Pirnie

S&P: Why we disagree with the Moody’s downgrade

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

Joel Stern

Prof Joel Stern: Moody’s downgrade wake-up call to all SA banks

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