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Fitch downgrade pushes Eskom further into junk

Eskom’s mounting debt woes are posing the risk of crippling the country’s stagnant economy further as the power utility’s credit rating has been pushed deeper into the abyss with a negative...

Is a credit downgrade inevitable?

In April 2017 both S&P Global and Fitch Ratings downgraded South Africa’s long-term foreign currency rating to sub-investment grade. The third of the big global agencies, Moody’s, has however kept the...

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...

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...

Government policy makes economic growth unattainable

An independent agricultural economist, Fanie Brink, says that, apart from the problems such as corruption and the destruction of the country's reserves and wealth by the ANC government and its cronies,...

49 percent of Cape Town business says drought is becoming a threat to their...

Nearly 49 percent of businesses in Cape Town say the drought and the water crisis has now become a threat to their survival, according to a survey of members conducted by...

Downgrade increases need for professional property managers

There are several major changes that can be expected to play out in the property market in the wake of SA”s credit ratings downgrade, and owners and investors need to put...

How to survive the downgrade

The best response to SA being “junked” is to follow the advice of Rudyard Kipling and “keep your head when all about you are losing theirs”. That’s the word from...

UK, China, South Africa downgrade calls loom for Moody’s

Moody's is likely to make key rating calls on Britain, China and South Africa among others this year as rising political risk and debt levels push the number of countries on...

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Renewable energy component market will be worth R468-billion by 2030 –...

By Larry Claasen SOUTH Africa’s energy crisis, along with the global move to environmental sustainability has the potential to be a big economic drive, says...

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