The problem with rating models applied to African countries is that they use a narrow definition of risk and don’t take into account qualitative factors.
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The S&P Global report cites the potential for low wage growth and low inflation as a ‘downside risk’ for the projections on getting to budget balance.
The populism politics adopted by South Africa’s ruling party, African National Congress, mask a strategy to deflect attention from the party’s policy failures and to hide its many scandals.
An ideological debate is desperately needed to sort out options South Africa could pursue to find a way out of its economic morass.
What has been lost in stating the case for South Africa’s credit rating is a tangible plan for strengthening governance and regulation of its state owned enterprises.
The best chance South Africa has of recovering from sub-investment grade credit rating status is to have leaders who are prepared to break rank with the small-mindedness of the ruling party.
A common Wall Street adage claims: ‘As January goes, so goes the year.’ What does that mean for investors as stocks look set to end President-elect Trump’s first month in office higher?
Credit ratings have an impact on government, as well as ordinary people. This article was first published last year as South Africa faced a possible downgrade.
Credit rating agencies have a poor track record when it comes to evaluating risk.
Ratings agency S&P seems unconvinced of the Australian government’s ability to reduce the budget deficit.
Any sentimental colonial ties should be put aside; Australia’s best trade chance lies with Europe.
One of the world’s largest ratings agency, Standard & Poor’s, is back in court appealing the Federal Court’s landmark decision that it was responsible for the losses incurred by 13 New South Wales…
2013 hasn’t been a good year for Western Australian premier Colin Barnett. Standard and Poor’s recent downgrade of his government’s credit rating continues a pattern. It is not an aberration. Barnett’s…
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Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town
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