đź”’ Actively managed funds did better than usual in 2022
The performance of many actively managed mutual funds against their benchmark indexes in 2022 appears to be “better than usual.”
The performance of many actively managed mutual funds against their benchmark indexes in 2022 appears to be “better than usual.”
Government has responded to S&P for downgrading South Africa further into junk status amid the coronavirus pandemic spreading.
Politicians soften harsh realities with pretty words. External agencies like the IMF aren’t bound by the same desire to shield us from difficult truths.
Friday’s report from ratings agency S&P switched its outlook on South Africa from “neutral” to “negative” – signalling another credit downgrade is on that cards.
South Africa’s third-largest wireless carrier, Cell C, had its credit rating cut to D by rating agency S&P Global after it failed to make interest payments due in July.
With so much power over countries’ fortunes, credit rating agencies have irked many developing countries and have also been accused of many faults.
Cyril Ramaphosa said he was disappointed, but confidently predicted S&P “will soon have reason” to raise the rating up. Dare we hope for something bold after May 8?
The International Monetary Fund yesterday cut its forecast for South Africa’s economic growth in 2019 to a pedestrian 1.2% and a modest 1.5% in 2020.
S&P Global Ratings expects South Africa’s ruling party to continue with policy reforms after the May 8 election, and that’s why it has a stable outlook on the nation’s credit rating.
Now we know the truth about The Times, one shudders to think what losses are at Gupta, sorry Jimmy Media’s much lower circulation The New Age.