Downgraded

  • South Africa gets downgraded and the Rand strengthens - what's going on?
  • On Friday 24 November S&P downgraded South Africa's long term local government bonds to junk rating. The problem according to S&P is that government in recent years have focused merely on the distribution of income, instead of trying to grow our income… “As a consequence, South Africa’s economy has stagnated and external competitiveness has eroded. We expect that offsetting fiscal m... ››› more
  • [29 November 2017]
  • Downgraded, public broadcaster closed and strike action: It's been a bad week for Greece
  • Who would have thought it? A European country downgraded to join the likes of South Africa with its newly crowned emerging market status. Read on to find out what's going on in Greece and what's behind its market status downgrade… It feels like it’s been bail out after bail out in the European Union. One of the worst hit countries is Greece. And the consequences have been severe… ... ››› more
  • [13 June 2013]
  • Recent headlines reveal: Politics and investor confidence go hand-in-hand
  • Up until yesterday, it seemed that every time President Jacob Zuma opened his mouth, the rand and the South African economy would weaken further. And the same is true for Greece, which has just been downgraded to ‘emerging market' status after over Greek political concerns. Today, we investigate how politics and investor confidence (or the lack thereof) can affect the economy. During yesterda... ››› more
  • [13 June 2013]
  • Fitch downgrading MTN's rating is no cause for panic
  • Open any newspaper over the past few days and you're bound to find an article about MTN. First, it was the news that Cyril Ramaphosa had stepped down as CEO. Then, there was scepticism about whether his replacement, Phuthuma Nhleko, was the right man for the job. Now, ratings agency Fitch is in the news for downgrading MTN. Here's what it means for you… On Monday, local telecoms giant MTN had... ››› more
  • [05 June 2013]



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