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S&P leaves SA's credit rating unchanged

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S&P leaves SA’s credit rating unchanged
âWe’ve been given a breathing space…and I think it’s now very much in our hands to demonstrate that the commitments we’ve made to turn this economy around will begin to be realisedâ: Prof Raymond Parsons â NWU Business School.
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NOMPU SIZIBA: The Standard & Poor’s and Fitch ratings agencies both left their ratings positions on South Africa unchanged on Friday â both of whose ratings for South Africa are several notches down in junk status. The usual bugbears were flagged â those being the countryâs structural constraints, the need to get on top of fiscal sustainability issues, and the relatively slow vaccination rollout. ....

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Key growth opportunities in a struggling South African economy

Key growth opportunities in a struggling South African economy
It is over a year since Covid-19 made its formal entrance into the global economy, and with second and third waves taking root across the world, business owners are rightfully asking where growth will come from in 2021.
Herman de Kock, executive head of sales, Nedbank Business BankingCoupled with fears over more gloomy news from Covid-19, months after the Budget in which universities had their financing slashed for 2021 by R24.6bn, South Africa finds itself engulfed by student protests. Finance minister ,Tito Mboweni said that there was an incorrect notion that government is “swimming in cash” when public finances are dangerously overstretched. ....

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State-owned bank could be a reality soon

‘There could be no objection in principle to the idea of a state bank having a role in the South African economy – if it is well done and it is efficient’: Prof Raymond Parsons from NWU Business School. ....

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