Menu
 
 
 

Fitch Ratings affirms Eskom’s 'BB' credit rating and removes the ratings watch negative

  • Published in News

Fitch Ratings has announced its decision to affirm Eskom Long-Term Local Currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings of 'BB-'. Fitch has simultaneously maintained the National Long-Term Rating at 'A(zaf)' and the National Short-Term Rating at ‘F1(zaf)'.  The rating agency has also affirmed the government-guaranteed local currency senior unsecured debt ratings at 'BB+', in line with the rating of South Africa (BB+/Stable Outlook). The credit rating agency has also resolved to remove the Rating Watch Negative (RWN) instituted by Fitch in January 2018. Outlook on Eskom remains negative.

Read more...

FNB honoured as best business Bank in SA – 6 times in a row

  • Published in News

FNB Business has once again been voted “SA’s Best Business Bank” in the 20th Annual Sunday Times Top Brands survey. This makes it the sixth year in a row that FNB Business wins this award. The Sunday Times Top Brands survey is the leading indicator of consumer and brand sentiment in the country.

Read more...

Delisting plan spurs Verimark

  • Published in News

DURBAN – Verimark surged more than 17 percent on the JSE yesterday after the consumer goods company flagged that it was planning to delist the company after 13 years on the bourse. 

Read more...
Subscribe to this RSS feed

Industries

About us

Follow us

Follow us @BusinessNewsCT

BusinessNewsCT RT @ConcreteTrends: WIND ENERGY INDUSTRY COMMITS TO INVESTING IN SOUTH AFRICA https://t.co/OjJxM0Telh https://t.co/Dw06QdyqOR
BusinessNewsCT RT @voltexsa: Amp up your summer with this and many other recession beating specials during all of November and December! Visit our website…