Overview -- On Oct. 12, 2012, we lowered the long-term foreign currency sovereign rating on the Republic of South Africa to 'BBB' from 'BBB+' and the long-term local currency rating to 'A-' from 'A'. We also lowered the short-term local currency rating to 'A-2' from 'A-1' and affirmed the short-term foreign currency rating at 'A-2'. The outlook remains negative. … [Read more...] about TEXT-S&P cuts FirstRand Bank, FirstRand ratings
reuters
TEXT-S&P cuts Standard Bank of South Africa rating to ‘BBB’
Overview -- On Oct. 12, 2012, we lowered the long-term foreign currency sovereign rating on the Republic of South Africa to 'BBB' from 'BBB+' and the long-term local currency rating to 'A-' from 'A'. We also lowered the short-term local currency rating to 'A-2' from 'A-1' and affirmed the short-term foreign currency rating at 'A-2'. The outlook remains negative. … [Read more...] about TEXT-S&P cuts Standard Bank of South Africa rating to ‘BBB’
S&P downgrade weighing on S.Africa’s rand and bonds
* Rand and bonds under pressure on SP downgrade * Domestic issues to continue weighing on local sentiment JOHANNESBURG Oct 15 (Reuters) - South Africa's rand weakened against the dollar on Monday as market players digested a Standard and Poor's ratings downgrade that put local assets under pressure. The rand was 1.15 percent weaker against the dollar at 8.8055 at … [Read more...] about S&P downgrade weighing on S.Africa’s rand and bonds
Kumba dismisses strikers at Sishen mine in S.Africa
JOHANNESBURG Oct 15 (Reuters) - Kumba Iron Ore has dismissed workers who had embarked on an illegal strike at its giant Sishen mine in South Africa and failed to report for disciplinary hearings, the company said on Monday. Kumba also said it had served the illegal strikers with a court order to immediately leave the company's premises or be removed by police. The … [Read more...] about Kumba dismisses strikers at Sishen mine in S.Africa
Soccer-Cape Verde cap rapid rise with Nations Cup place
Oct 15 (Reuters) - The Cape Verde Islands will become the smallest country to compete at an African Nations Cup finals after qualifing at the expense of Cameroon and their remarkable rise is the culmination of a project to target 'top talent'. The Portuguese-speaking country's elimination of the four-times winners in Sunday's final qualifying round ranks as one of the … [Read more...] about Soccer-Cape Verde cap rapid rise with Nations Cup place
