Providing some respite as the nation grapples with the economic damage wrought by a fourth wave of coronavirus infections. Fitch Ratings unexpectedly upgraded its outlook on South Africa’s credit rating, providing some respite as the nation grapples with the economic damage wrought by a fourth wave
After more than 90 nations imposed travel bans on the country right before its summer holiday season because of the discovery of the coronavirus omicron variant. South Africa’s economic growth forecast of 5.1% for 2021 is at risk after more than 90 nations imposed travel bans
There are ‘polarising views’ on gold’s future. Gold rebounded from a three-week low as traders weighed the spread of the omicron coronavirus variant against comments by Federal Reserve Chair Jerome Powell on the need to curb inflation. Researchers worldwide are racing to understand the full impact of
Potentially vulnerable to shifts in global conditions. South Africa’s financial cycle shifted to an upward phase for the first time in five years. The measure of variables including growth in loans to the private sector, real-estate and equity prices, turned positive in the second quarter, the Pretoria-based
After being knocked off the top spot during last month’s bout of volatility. The rand has reclaimed its position as the best-performing emerging-market currency this year after being knocked off the top spot during last month’s bout of volatility. A burgeoning trade balance and ample dollar liquidity
Image: Waldo Swiegers/Bloomberg Investors appear to be comfortable holding Eskom’s bonds even after the state-owned electricity company reported a fourth consecutive annual loss as it continues to service a mountain of debt. The yield premium of Eskom’s 8.45% dollar notes maturing in 2028 over US Treasuries narrowed
Making it easier for art collectors to turn their prized possessions into a piggy bank. The credit market’s insatiable appetite for yield is making it easier for art collectors to turn their prized possessions into a piggy bank. With interest rates near zero and asset prices continuing
Immediate acceleration in funding needed to get on track for global net zero – BNEF analysis. Investors poured more money than ever into renewable energy in the first half of the year, but the pace is far from enough to sufficiently curb increasing carbon emissions. As much
Nam liber tempor cum soluta nobis eleifend option congue nihil imperdiet doming id quod mazim placerat facer possim assum. Typi non habent claritatem insitam; est usus legentis in iis qui facit eorum claritatem. Mirum est notare quam littera gothica, quam nunc putamus parum claram, anteposuerit
Nam liber tempor cum soluta nobis eleifend option congue nihil imperdiet doming id quod mazim placerat facer possim assum. Typi non habent claritatem insitam; est usus legentis in iis qui facit eorum claritatem. Mirum est notare quam littera gothica, quam nunc putamus parum claram, anteposuerit