Reforming South Africa’s state owned enterprises should start with greater accountability and financial responsibility.
Articles on Credit ratings agencies
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South Africa needs to start thinking about life after President Jacob Zuma. Given the damage that he’s done, serious thought should be given to forming a government of national unity.
The focus will now be on how the social democratic and left-leaning members of South Africa’s cabinet – the “constitutionalists” – will respond to the reshuffle.
South African President Jacob Zuma has replaced the finance minister and his deputy with appointments that would allow looting of the national purse.
The BRICS bloc of states have resolved to establish an alternative credit rating agency to counter western dominance in the financial markets. Will it work?
The costs to South Africa of maintaining the ownership of a national airline are proving to be unbearably expensive. It’s time to let the struggling carrier go.
Budget repair seems even less plausible after this election and this is the main risk to Australia’s AAA credit rating.
South Africa has narrowly escaped a downgrade of the rating of its sovereign bonds, but government has its work cut out as it seeks to restore investor confidence and lift economic growth.
Pessimists aren’t asking if the glass in South Africa is half full. They want to know if there’s anything in the glass. The answer is a pleasant surprise.
South Africa’s finance minister means well, especially in his bid to cut public sector expenditure. But his success requires strong leadership and strategic alignment across the entire public sector.
The credit-ratings agencies are already circling to cut the UK’s grade if it votes to leave the EU. Here’s how their calculations work, and what we should do about it.
The sudden expulsion of the finance minister makes it hard not to be pessimistic about the South African government’s ability to manage the difficult challenges it might face in 2016.
It’s an unnerving time for Africa’s banking industry. On August 19, the ratings agency Moody’s announced it had downgraded by a notch the risk rating of South Africa’s four biggest banks – FirstRand, Standard…
Qantas has flagged deteriorating trading conditions and a potential A$300 million half-year loss in a statement to the market that has sent its share price tumbling. The airline has stepped up its cost…
Collapsing business deals, massive financial losses, and a “junk” rating have made recent months a nightmare for the Co-op Bank. In March it announced losses of £634m for the 2012 financial year, largely…
Earlier this year, two credit agencies downgraded the UK economy credit rating, but new research out of Cardiff Business…
Evaluating the creditworthiness of countries is far from an exact science, yet the influence of credit ratings agencies is extraordinary. Recently, the UK government’s debt rating has been downgraded by…
The UK’s former AAA credit rating is no more. Moody, a tyrant of the credit rating system, decided that a downgrade was in order from AAA to AA1 for the first time since 1978. The pound fell in a state…
Five billion dollars is a lot of money — and that is the amount which the US Justice Department claims were losses incurred by US banks and credit unions from investing in CDOs rated by Standard &…
For decades, credit ratings agencies were largely ignored by the masses, but in recent months they have continued to hit the headlines again and again. The big three (Standard & Poor’s, Moody’s and…
Top contributors
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Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
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Senior Fellow, Centre for Policy Research (UNU-CPR), United Nations University; Aston University
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Visiting Professor at the Business School, University of the Witwatersrand
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Associate professor, University of Cape Town
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria
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Emeritus Professor of Finance, The University of Melbourne
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Senior Lecturer in Law, RMIT University
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Head of the Centre for Accounting and Finance, The Open University
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Professor in Finance and Banking, University of Sydney
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Senior Lecturer in Global Studies, Social Science & Planning, RMIT University
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Emeritus Professor of Accounting, University of Essex, University of Essex
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Professor of Finance, University of Liverpool
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Professor of Finance & Insurance, University of the Witwatersrand
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Dean of Business School, University of Southern Queensland
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Lecturer, Nelson Mandela University