South Africa Hits Out at Credit Rating ‘Bias’ as Upgrade Awaited

South Africa Hits Out at Credit Rating ‘Bias’ as Upgrade Awaited

South Africa would welcome an upgrade of its credit rating, but Finance Minister Enoch Godongwana isn’t holding his breath.

South Africa Says Global Rating Agencies Show Bias Against African Economies

South Africa’s finance minister Enoch Godongwana says major global rating agencies consistently underrate African countries, giving them lower credit scores than peers with similar financial indicators.

S&P Global upgrades South Africa credit rating

S&P Global upgraded South Africa’s long-term foreign currency credit rating to “BB” from “BB-” on Friday. The rating agency cited stronger growth prospects, an improving fiscal outlook, and reduced contingent liabilities as key factors. Improvements at the state-owned electricity utility, Eskom, played a pivotal role in lowering financial risks for the government. With the upgrade, South Africa now sits two notches below investment grade, reflec…

Defence witness at Meyiwa trial says signature on statement not his - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Defence witness Absolom Zungu says the signature on a statement said to be submitted to Senzo Meyiwa murder lead investigator Brigadier Bongani Gininda does not resemble his. Zungu is the second witness called by the defence to come and testify at the High Court in Pretoria where five men are on trial for the 2014 murder of the Bafana Bafana captain. It’s alleged Zungu mentioned that accused one Muzi Sibiya and accused two Bongani Ntanzi were li…

Dailysun | JUST IN | Senzo Meyiwa murder trial: Witness points fingers!

Absalom continued to deny that he made a statement that implicated accused number one, Muzi Sibiya.