Tag Archives: downgrade

downgrade: Latest News

  • 12 Things Expected To Improve Investor Outlook In South Africa In 2017

    By Peter Pedroncelli, 1:25 am AFKI Original

    The year 2016 was not an easy one for South Africa, but investor outlook for the year 2017 certainly looks more positive. Having survived a tough year, investors are now looking at South Africa to gauge whether or not to invest their funds in the emerging market, but there are a flurry of reasons to give the country a second glance in 2017. We take a look 12 things that are expected to improve investor outlook in South Africa during 2017.

  • South African Unemployment Above 27 Percent, Hits 13-Year High

    Black South Africans Have Higher Unemployment By Staff, 5:34 pm

    South Africa this week put on hold proposals to introduce a national minimum wage as part of an effort to stabilize the labor market. Labor upheaval is a potential risk factor to the country’s credit rating, which faces in the next two weeks a possible downgrade to junk status by ratings agencies. The economy has grown slowly in the last six years — too slowly to recoup the 1 million jobs lost during the 2008-2009 recession. Despite the gloomy numbers, the rand held its ground, propped up by firmer metal prices which boosted commodity currencies.

  • S&P To South Africa: ‘This Is Not About Political Noise. We Have Political Turmoil’

    S&P To South Africa By Dana Sanchez, 6:01 pm

    South African public protector Thuli Madonsela was due to release a report Friday involving allegations that the Gupta family acted on behalf of President Jacob Zuma. Zuma’s office said Thursday that the report is on hold by court order. Undermining key South African institutions like courts, treasury, and the South African Reserve Bank would see the country likely downgraded to junk status, rating agency Standard & Poor’s (S&P) said Thursday.

  • 8 Ways To Turn The South African Economy Around

    By Peter Pedroncelli, 7:45 am AFKI Original

    The South African economy has been hit hard by a perfect storm of negative factors which have ensured that the Rand has been depreciated while investors have been viewing the situation in the country with caution. There are issues that are out of the country’s control, while other factors are well within the powers of authorities to affect change. With this in mind, we take a look 8 ways in which South Africa can turn its ailing economy around.

  • World Bank Pulls Back On Sub-Saharan Growth Projections

    By Makula Dunbar, 6:18 pm

    According to CCTV Africa, the world bank has slightly pulled back on its projections for economic growth in sub-Saharan Africa. This year 4.6 percent growth is expected to come about, while 4.9 percent growth is on the horizon for next year. However, if policy makers rely on debt instruments to be the financial foundation of service and infrastructure investments, sub-Saharan countries may run into trouble.

  • FOREX Africa: South Africa’s Vicious Strikes Cycle Could Hurt The Rand

    By Jeffrey Cavanaugh, 3:25 am AFKI Original

    If labor continues to press its advantage through widespread industrial actions the South African economy will continue to do extremely poorly and could even slip much further. This will mean continued downward pressure on the rand, the possibility of further ratings cuts, and a limit to how much foreign firms will want to see invested into what is now Africa’s number two economy.

  • FOREX Africa: Kenya’s Sovereign Bond Hits The Road, South Africa downgraded

    By Jeffrey Cavanaugh, 2:22 am AFKI Original

    Nairobi’s issuance of bonds raises something of a pickle for investors. For one, the current attraction of Kenya is that unlike South Africa or Nigeria, it is not a commodity play premised on continuing, unsapped global demand for a particular natural resource such as oil, gold, or platinum. Rather, Kenya’s growth is deemed organic by investors and based upon the growing size and sophistication of the country’s internal domestic market.

  • Fears Over Mining Insecurity Could Hasten South Africa S&P Downgrade

    By Dana Sanchez, 2:57 pm

    Mining strikes in South Africa could hasten what appears to be a potential downgrade for South Africa by rating agency Standard & Poor’s, a London analyst said.

More Headlines