Time to re-assess efficacy of financial canaries Moody’s, S&P and Fitch
With so much power over countries’ fortunes, credit rating agencies have irked many developing countries and have also been accused of many faults.
With so much power over countries’ fortunes, credit rating agencies have irked many developing countries and have also been accused of many faults.
The National Policy Conference of South Africa’s governing party, the African National Congress (ANC), has come and gone, and the skies have not fallen.
South Africa woke up to what can only be described as Bloody Friday following President Jacob Zuma’s midnightly cabinet reshuffle.
Eskom had to send a security team with its team to fix a transformer in the heart of the Tshwane civil unrest that had plunged thousands in darkness on Tuesday.
Allan Greenblo says there are two stars in South Africa’s financial firmament – South African Revenue Service and the Financial Services Board, and both are in need of Gordhan’s attention.
Political upheavals in South Africa pose a risk to its sovereign credit rating, said S&P, a day after President Zuma survived an impeachment motion in parliament for ignoring the constitution.