Tag: Credit
Recession reignites credit-rating downgrade concern
South Africa’s unexpected slump into a second recession in almost a decade has boosted fears of another round of credit-rating downgrades that could see...
City of Cape Town faces credit rating downgrade
A credit downgrade looms for Cape Town as the water crisis slices through its funds, prompting the City to increase borrowing for the first...
Eskom signs R20bn credit facility
Eskom has signed a R20 billion credit facility with a consortium of local and international banks.
“The government guaranteed facility will form part...
Time to upgrade South Africa’s credit rating
The likelihood of further downgrades of South Africa’s sovereign credit ratings during 2018 appear to be remote in the light of recent political developments,...
South Africa at risk of credit downgrade due to Cape Town drought
Cape Town’s impending Day Zero is likely to have a severe knock-on effect across the entire national economy, widely affecting a number of sectors, and...
Global credit ratings agency has downgraded South Africa to junk status
Credit ratings agency S&P Global has downgraded South Africa’s credit rating to full junk status, while its counterpart Moody’s has placed the country on...
Pressure on South Africa’s central bank a key credit risk: Moody’s
Rating agency Moody’s warned on Wednesday that the erosion of South Africa’s institutional framework and recent calls for changes to the central bank’s currency...
Credit Card vs Cash in Africa – on the verge of convergence
According to a recent study conducted by Mastercard, over 50% of the South African population still transact using cash on a daily basis. This is...
Forex intermediaries – a safe and credible alternative for forex dealings
Unfortunately, if you thought 2016 was a wild ride, it is likely to just have been the opening salvo before more upheaval. The foreign...
MUST READ
Why AI is both a risk and a priority defence tool
Cyber security in the age of AI is a key topic for the forthcoming ITWeb Security Summit, to be held in Cape Town and...