Business activity contracted further in July as rising prices and weak business confidence weighed on demand.
Browsing: S&P Global
Apple and Microsoft, already dominant in technology-stock indexes, are about to become even more so.
S&P Global late on Wednesday downgraded its outlook on South Africa to “stable” from “positive”, citing infrastructure constraints and the severe power crisis.
Business output fell for the third straight month, weighed down by rotational power cuts and port strikes.
Eskom faces increased financial pressure from lower than anticipated tariffs, rising diesel costs and the impact of labour disruptions, S&P Global said.
S&P Global is in advanced talks to buy IHS Markit for about US$44-billion, according to a person familiar with the matter.
South Africa’s third biggest mobile operator, Cell C, has been downgraded after missing an interest payment, S&P Global Ratings has said in a statement. The rating agency downgraded Cell C to “D”. According to the company’s website