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Tag: junk status

D-Day: Moody’s may spare South African slide to junk as Zuma clings on

South Africa could escape a further slide to junk status on Friday in the same way the nation’s leader, Jacob Zuma, defeated a parliamentary rebellion and clung onto power - comfortably...

Junk status brings new challenges for SA businesses

Business owners, senior managers and company executives need to prepare themselves for a bumpy second quarter in 2017, with the only certainty being that nobody really knows how much the downgrades...

Junk status puts increased pressure on fleet operators

The recent announcement by S&P that it has lowered the long-term foreign currency credit rating from BBB- to BB+ and is cutting the local currency rating from BBB to BBB-, together...

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Engen brings drought and fire relief to farmers

Engen, South Africa’s favourite petrol station*, has stepped up to assist drought-stricken farming communities in Sutherland in the Eastern Cape as well as areas in the...

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