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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 […]

S&P Global to cut rating on Eskom

28 February 2018, 9:18 PM

Rating agency S & P Global says it is cutting its rating on Eskom to ‘CCC+’ and ‘zaB’ from ‘B-‘ and ‘aBB-‘.

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