BRIEF-S&P says South Africa ratings lowered on weakening economic, fiscal trajectory: * S&P lowers South Africa’s sovereign credit rating to BB from BB+; raises outlook to stable from negative * S&P says weak GDP growth has led to further deterioration of South Africa’s public finances beyond previous expectations * S&P says also …
Source: “South Africa” – BingNews
‘JUSTICE FOR REEVA’: Killer Oscar Pistorius sees sentence doubled by South African Supreme Court: SOMERSET WEST, South Africa — Oscar Pistorius’ prison sentence was more than doubled to 13 years and five months on Friday, a surprisingly dramatic intervention by South Africa’s Supreme Court of Appeal in the Olympic athlete’s fate after the …
Source: “South Africa” – BingNews
BRIEF-Moody’s places South Africa’s BAA3 ratings on review for downgrade: * Moody’s says South Africa‘s growth prospects are weaker & material budgetary revenue shortfalls have emerged alongside increased spending pressures * Moody’s says decision to place rating on review led by developments suggesting South Africa …
Source: “South Africa” – BingNews
Oscar Pistorius sentence increased to 13 years and five months: This was increased today. At the previous court hearing, the court heard that a murder conviction in South Africa usually has a minimum sentence of 15 years. However, mitigating factors – time already spent in prison, the fact that this is Pistorius’s …
Source: “South Africa” – BingNews
Dongfeng finishes in “a good second place” into Cape Town: Dongfeng Race Team reached South Africa this evening in second place at the end of an epic Volvo Ocean Race Leg 2 that sees the red and white Chinese boat now sitting in third place overall on the leaderboard. Dongfeng Race Team reached South Africa this …
Source: “South Africa” – BingNews
SA drops six places in World Bank’s investor-friendly rankings: JOHANNESBURG – Corruption, a weakening rand, credit downgrades and political turmoil have cost South Africa six places in investor-friendly rankings, according to the World Bank Doing Business Report 2018. The report has ranked South Africa the 82nd most …
Source: “South Africa” – BingNews
Fitch Ratings affirms South Africa’s ratings, keeps outlook stable: Fitch Ratings has affirmed South Africa’s long-term foreign and local currency debt ratings at ‘BB+’ and maintained the stable outlook. Photo: Flickr Government has noted Fitch’s decision not to further downgrade South Africa deeper into ‘junk …
Source: “South Africa” – BingNews
