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South Africa: Rand in for Volatile Week As SA Awaits Rates Announcement, Moody's
News24Wire, 25 March 2019
The rand is in for a volatile week, according to Senior Dealer at TreasuryONE Andre Botha. Read more »
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Southern Africa: 'Let's Hope Moody's Cuts Us Some Slack' - Davies
Daily Maverick, 27 March 2019
Addressing the Cape Town Press Club on Tuesday, Department of Trade and Industry Minister Rob Davies was forthright about the damage which Eskom is inflicting on the South African… Read more »
Will South Africa Be Cut Some Slack or Face Moody's Blues?
Trade and Industry Minister Rob Davis is hoping for mercy from ratings agency Moody's as South Africa faces an economic crisis in the face of energy giant Eskom's battle to keep the lights on in the country. Davis said: "It's pretty obvious that if we are having load shedding it is going to have a dampening effect on our economy. "It's going to mean that production is not happening at the scale it was meant to be."
InFocus
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With the country experiencing a roller coaster ride in credit ratings in the past few months, the National Treasury has welcomed the decision by ratings agency Moody's to ... Read more »
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President Cyril Ramaphosa will have his work cut out for him, in order to rebuild a country whose economy has been battered by ratings agency downgrades, a falling rand, a bloated ... Read more »
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When international ratings agencies like Moody's or Fitch downgrade countries, the economies of these nations suffer. African governments have had enough and are retaliating ... Read more »
