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Monday, September 16, 2019





Tag: Credit

City of Cape Town faces credit rating downgrade

A credit downgrade looms for Cape Town as the water crisis slices through its funds, prompting the City to increase borrowing for the first time in four years while debt is...

Eskom signs R20bn credit facility

Eskom has signed a R20 billion credit facility with a consortium of local and international banks. “The government guaranteed facility will form part of the financing of Eskom’s current capital...

Time to upgrade South Africa’s credit rating

The likelihood of further downgrades of South Africa’s sovereign credit ratings during 2018 appear to be remote in the light of recent political developments, including the election of Cyril Ramaphosa as...

South Africa at risk of credit downgrade due to Cape Town drought

Cape Town’s impending Day Zero is likely to have a severe knock-on effect across the entire national economy, widely affecting a number of sectors, and resulting in a possible credit rating downgrade...

Global credit ratings agency has downgraded South Africa to junk status

Credit ratings agency S&P Global has downgraded South Africa’s credit rating to full junk status, while its counterpart Moody’s has placed the country on review for downgrade. The announcement came...


Saldanha air route to open

The Cape Chamber of Commerce and Industry has launched Chamber Air, a facilitation service for air travel bookings for unscheduled short haul routes. The...

Corrosion Institute open day


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