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Tag Archives: Junk status

SA’s rand weaker as S&P warns on economic headwinds

27 March 2018, 8:42 PM

South Africa’s rand drifted weaker on Tuesday as ratings agency S&P Global said South Africa needed stronger growth to escape “junk” status and as traders expected the central bank to cut its main lending rate on Wednesday. The rand has been in vogue since President Cyril Ramaphosa replaced scandal-plagued Jacob Zuma last month but some […]

South African President Cyril Ramaphosa.

Moody’s verdict on SA credit rating an early review of Ramaphosa leadership

23 March 2018, 9:13 AM

Moody’s next review on South Africa’s credit rating, expected on Friday, will be the first real test of whether investors and ratings agencies are happy with policy direction under new president Cyril Ramaphosa.

Moody’s downgrades Steinhoff to junk status

8 December 2017, 12:35 PM

Ratings agency Moody’s has cut Steinhoff to junk rating, dropping it by four notches from the previous Baa3 to B1 and placed it on review for further downgrade. 

Treasury to launch inquiry to determine revenue gap causes

25 November 2017, 7:20 AM

National Treasury says a judicial commission of inquiry will be established to look at the root causes of the revenue gap.

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