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South Africa:
Do Credit Rating Reviews Make Any Sense in the COVID-19 Context?
Daily Maverick, 2 April 2020
As South Africans prepared for a 21-day lockdown, a sovereign credit rating downgrade that had hung like the Sword of Damocles over the country was pushed to the back of the… Read more »
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South Africa:
Now Is the Time for Clear and Strategic Thinking If We Are to Save Our Economy
Daily Maverick, 2 April 2020
It was clear even before the pandemic that South Africa's public finances were stretched, the public healthcare system in an appalling condition, and the general level of… Read more »
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South Africa:
Never Let a Good Crisis Go to Waste - COVID-19 and Mboweni's Hallelujah Moment
Daily Maverick, 1 April 2020
The impacts of Covid-19, the moves to close down much of the country and major parts of the economy, and the downgrade by Moody's have once again led to the ultimate South African… Read more »
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South Africa:
An IMF Loan Is a Generational Debt Trap - Don't Do It Tito!
Daily Maverick, 1 April 2020
The suggestion by Finance Minister Tito Mboweni that South Africa may go to the International Monetary Fund for a bailout to help deal with Covid-19 and the current financial… Read more »
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South Africa:
Stop Dancing to Moody's Tune
Daily Maverick, 31 March 2020
Moody's would have known that downgrading SA at this moment would place our government in even greater difficulty in confronting Covid-19 and hobble it in the reconstruction that… Read more »
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South Africa:
Markets - Moody's Move Was Priced in, but Pricing COVID-19 Is Impossible At This Stage
Daily Maverick, 31 March 2020
Was the Moody's downgrade already priced into South African markets? The direction that the rand, now near record lows, and bonds took during the month suggest this was the case.… Read more »
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South Africa:
The World After Covid-19 - Redefining the Global Social Compact
Daily Maverick, 30 March 2020
In the worst-case Covid-19 scenario there will be whole towns, or even countries, facing mass immiseration, and it's not clear that the IMF or the World Bank will have nearly the… Read more »