SOUTH AFRICA: Double trouble
● South Africa’s currency and fiscal woes have taken another hit from Fitch’s 3 April downgrade of the sovereign’s long-term foreign and local currency credit ratings from BB+ to BB, with a negative outlook. ● Although President Cyril Ramaphosa’s decisive handling of the pande… Become a member to read the rest of this article […]
SOUTH AFRICA: Mboweni’s do-or-die budget
● Expectations ahead of the budget presentation on 26 February are largely pessimistic in the context of deteriorating economic growth and skyrocketing public debt. ● Finance Minister Tito Mboweni will try – against all odds – to avert the loss of South Africa’s final investme… Become a member to read the rest of this […]