S&P downgrades SA to junk: Standard & Poors is the first ratings agency to downgrade South Africa to sub-investment grade, following President Jacob Zuma’s firing of finance minister Pravin Gordhan, and his cabinet reshuffle. S&P cut the credit rating by one notch to BB+. Source: "South Africa" - BingNews VK Singh to unveil two projects in South Africa on Saturday: … [Read more...] about SA News: S&P downgrades SA to junk
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Why junk status still hangs over South Africa | The Conversation
Why junk status still hangs over South Africa: ShutterstockAlthough South Africa avoided a downgrade to non-investment grade, or junk status, in 2016, the country is not yet out of the woods and may be downgraded this year. The reasons for this are ongoing political risk as factional battles in the governing African National Congress intensify, … [Read more...] about Why junk status still hangs over South Africa | The Conversation
South Africa avoided dreaded junk status. But the economy is far from healthy | The Conversation
South Africa avoided dreaded junk status. But the economy is far from healthy: The South African economy just narrowly escaped a credit rating downgrade but it is not in the clear yet. ReutersThe whole economically-aware population of South Africa is celebrating that the three main ratings agencies held off on junking the country’s financial reputation in the past two weeks. I … [Read more...] about South Africa avoided dreaded junk status. But the economy is far from healthy | The Conversation
South Africa needs tougher exchange controls before junk status hits | The Conversation
South Africa needs tougher exchange controls before junk status hits: South Africa's currency, the rand, has been highly volatile recently. ShutterstockDuring this interminable period of economic stagnation, with no prospects of an upturn in sight thanks in part to Donald Trump’s victory, South Africa desperately needs the “radical economic transformation” repeatedly … [Read more...] about South Africa needs tougher exchange controls before junk status hits | The Conversation
SA News: Zuma ‘frog-marching SA to junk status’
Zuma 'frog-marching SA to junk status': President Jacob Zuma and his supporters in the ANC, in Cabinet and the business sector are frog-marching South Africa to a sovereign downgrade to junk status in December and thus to a deep economic recession. It’s like watching two locomotives in slow ... Source: "South Africa" - BingNews South Africa pick Phehlukwayo for Australia … [Read more...] about SA News: Zuma ‘frog-marching SA to junk status’
