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
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
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
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
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.