Browsing: Fitch

News
Rand will ‘buckle’ if Gordhan charged

South Africa’s credit rating would be cut and the rand would “buckle” if finance minister Pravin Gordhan is removed from his post, according to Goldman Sachs. The currency has slumped 6,2% since 23 August

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Don’t worry, we have a plan: gov’t

Government is satisfied that it’s doing enough to unblock the constraints to economic growth, said minister for planning, monitoring & evaluation Jeff Radebe. Briefing the media on the

News
Rand seesaws on slew of news

The quick succession of news that South Africa’s economy shrank by 1,2% in the first quarter of 2016 followed by news that ratings agency Fitch had spared the country from junk status sent the rand on a quick roller-coaster ride