Trevor Manuel, whose term as finance minister ended in 2009, said the decision to prosecute Gordhan was reckless and a ratings downgrade had already been priced into South African assets.
Standard & Poor’s said that it sees signs of change in the corporate lending landscape in South Africa, in a report published today, “Tough Conditions, Strong Potential: South African Corporate Credit Outlook.”
By Carolyn Cohn LONDON (Reuters) – Standard & Poor’s expects to rate a number of Nigerian banks this year and is talking to some Kenyan banks and companies about future credit ratings, its managing director for sub-Saharan Africa said on Monday. Borrowers across the continent are looking to tap international capital markets following successful bond sales by African … Read more