Browsing: S&P Global Ratings

Eskom has been upgraded two notches by S&P Global Ratings, which cited government’s substantial financial support plans.

Just a week after downgrading South Africa’s foreign currency rating to “junk”, S&P Global Ratings has changed its rating outlook on the country’s biggest fixed-line telecommunications operator, Telkom, to “negative”. Its rating has been

South African debt got dealt a second blow in a week as Fitch Ratings joined S&P Global Ratings and cut the nation’s credit assessment to junk following President Jacob Zuma’s move to fire his well-respected finance minister. Fitch

Tens of thousands of protesters marched in South Africa to demand that President Jacob Zuma resign after he fired the finance minister and reshuffled the cabinet. Marchers chanting “Zuma must go” in Pretoria walked to

South African bonds and the rand fell after President Jacob Zuma bolstered his position by fending off calls from senior ruling party officials to quit. South Africa’s benchmark rand bond due in