South Africa’s credit rating downgraded to one level above junk status

Two of the world’s credit ratings agencies announced the outcome of their review of South Africa’s financial outlook on Friday.

Both Fitch and Standard and Poor's downgraded South Africa one level above junk -at BBB minus and have kept the rating unchanged.

Annabel Bishop, Economist at Investec spoke to Ray White about the ratings and what it means for South Africans.

It is not terribly detrimental yet but it can have a negative effect on the country’s borrowing costs.

Annabel Bishop, Economist at Investec

Listen to the full conversation below:

Read More
Busa vows to accelerate inclusive economic transformation

Busa vows to accelerate inclusive economic transformation

Busa's Martin Kingston says they are committed to speeding up the process of deracialisation and incorporation of the majority.

Executive salaries are now 500 times greater than the average worker

Executive salaries are now 500 times greater than the average worker

A report by Deloitte has found that some senior executives of JSE listed companies are earning R 69 000 a day.

It is not the school's task to instruct children on religion - Ogod

It is not the school's task to instruct children on religion - Ogod

The High Court in Johannesburg has ruled that government schools may not place one religion above another.

Capetonians will soon be restricted to less than 100 litres per day #Level4B

Capetonians will soon be restricted to less than 100 litres per day #Level4B

According to Cllr Xanthea Limberg, Level 4B will look at further restricting potable water usage for essential purposes.

150 medical students unable to secure internships at government hospitals

150 medical students unable to secure internships at government hospitals

In order for health workers to find employment and practice, they are required to complete a 2 year internship says Dr Mathonsi.

High Court rules schools cannot promote one religion

High Court rules schools cannot promote one religion

Ogod, the organisation that brought the matter to the court argued that there is religious bias in South African public schools.

Popular articles
Capitec Bank named ‘best bank in the world’ (for 2nd year running!)

Capitec Bank named ‘best bank in the world’ (for 2nd year running!)

South Africa’s most affordable bank is still the best in the world, according to international banking advisory group Lafferty.

Public clash in Parliament between two ANC MPs over SAA saga

Public clash in Parliament between two ANC MPs over SAA saga

The two MPs Peace Mabe and Yunus Carrim, who belong to the same party, exchanged unpleasant words while discussing issues at SAA.

Water saving measures in Cape Town helps Virgin Active save 13 million litres

Water saving measures in Cape Town helps Virgin Active save 13 million litres

More and more businesses in the Western Cape are embarking on water saving measures and Virgin Active has jumped on the bandwagon.

CoCT moves for Level 4B water restrictions due to low rainfall

CoCT moves for Level 4B water restrictions due to low rainfall

The recent rainfall contributed only 5% to the reserves. The City will be implementing further restrictions to help save water.

Michael Mol (SA’s hunkiest, most well-known doctor) bares his soul about money

Michael Mol (SA’s hunkiest, most well-known doctor) bares his soul about money

The Money Show’s Bruce Whitfield interviews Mol about his money beliefs, hopes and fears, successes and failures.

More South Africans on social grants than those earning an income

More South Africans on social grants than those earning an income

According to SAIRR researcher Gerbrandt van Heerden the number of people receiving social grants has increased by 328% since 2001.