EDITORIAL: Moody’s urges SA to act while it has breathing space

While it is unclear if the Treasury had any representatives at the conference of Moody’s Investors Service in Sandton on Tuesday, they would have broadly welcomed what was said.

It singled out the lack of visible progress on presenting a plan for Eskom, which has long been described as the single most important risk for the SA economy This is a refreshingly open-minded approach to the social and political constraints to speedy reform, for which it has come in for some criticism from those who think it has been too lenient on SA.While foreigners hold almost 40% of the country’s rand-denominated debt, we don’t carry the exchange rate risk as it is denominated in local currency. Whether by luck or design, SA has one of the longest-maturity profiles among emerging markets.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Moody’s cuts SA 2019 growth forecastMoody’s, the only ratings agency that rates SA government debt as investment grade at Baa3, is due to make a ratings decision on November 1
Source: BDliveSA - 🏆 12. / 63 Read more »

SA’s banking outlook stable despite weak conditions, Moody’s saysThe ratings agency expects the profitability of bank's to remain firm despite slow business growth through the course of 2020
Source: BDliveSA - 🏆 12. / 63 Read more »

Moody’s lowers SA economic growth outlook to 0.7% - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Moody’s lowers SA economic growth outlook to 0.7% Credit rating agency Moody’s has lowered South Africa’s economic growth outlook to 0.7%, from 1% for the 2019-20 financial year.
Source: SABC News Online - 🏆 32. / 51 Read more »

Xenophobic attacks: Cele urged to step up cordon and search operations | IOL NewsDA MP Andrew Whitfield on Tuesday urged Police Minister Bheki Cele to use section 13 (7) of the Police Service Act to conduct ...
Source: IOL - 🏆 46. / 51 Read more »

‘Growth is in Africa,’ FedEx says as it invests more in the continentJoburg will act as a hub for the region connecting five countries, soon to be eight, via road transport, which feeds into SA as the main hub
Source: BDliveSA - 🏆 12. / 63 Read more »

‘Growth is in Africa,’ FedEx says as it invests more in the continentJoburg will act as a hub for the region connecting five countries, soon to be eight, via road transport, which feeds into SA as the main hub
Source: BDliveSA - 🏆 12. / 63 Read more »