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Thursday, January 23, 2020

Tag: Credit

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...

Pressure on South Africa’s central bank a key credit risk: Moody’s

Rating agency Moody’s warned on Wednesday that the erosion of South Africa’s institutional framework and recent calls for changes to the central bank’s currency and price stability mandate risked undermining the...

Credit Card vs Cash in Africa – on the verge of convergence

According to a recent study conducted by Mastercard, over 50% of the South African population still transact using cash on a daily basis. This is despite the number of banked adults rising...

Forex intermediaries – a safe and credible alternative for forex dealings

Unfortunately, if you thought 2016 was a wild ride, it is likely to just have been the opening salvo before more upheaval. The foreign exchange market is set to be even...

President Zuma welcomes credit rating

According to SAnews.gov.za President Jacob Zuma has welcomed credit rating agency Standard and Poor's (S&P) decision to maintain South Africa's investment rating. “The decision by S&P, which follows on the footsteps...

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SA’s energy transition offers an opportunity to upscale wind energy localisation

As South Africa’s energy sector transitions from high dependency on coal for electricity production to clean energy sources such as wind and solar PV,...

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