Tag: downgrade
Fitch downgrade pushes Eskom further into junk
Eskom’s mounting debt woes are posing the risk of crippling the country’s stagnant economy further as the power utility’s credit rating has been pushed...
Is a credit downgrade inevitable?
In April 2017 both S&P Global and Fitch Ratings downgraded South Africa’s long-term foreign currency rating to sub-investment grade. The third of the big...
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...
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...
Government policy makes economic growth unattainable
An independent agricultural economist, Fanie Brink, says that, apart from the problems such as corruption and the destruction of the country's reserves and wealth...
49 percent of Cape Town business says drought is becoming a threat to their...
Nearly 49 percent of businesses in Cape Town say the drought and the water crisis has now become a threat to their survival, according...
Downgrade increases need for professional property managers
There are several major changes that can be expected to play out in the property market in the wake of SA”s credit ratings downgrade,...
How to survive the downgrade
The best response to SA being “junked” is to follow the advice of Rudyard Kipling and “keep your head when all about you are...
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