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Business: Economists Split on South Africa Avoiding Moody’s Negative CutSouth Africa may just be able to cling onto the stable outlook of its sole investment-grade rating this week, helping it stay clear of a forced selloff of billions of rand of its debt.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK OP-ED: Why do financial markets overreact to bad news?We live in the era of the 24-hour news cycle. Corporate issues make the headlines and then rumbleon and on, taking new turns and causing more damage as company responses are analysed in minute detail. Sometimes, major incidents beget huge crises where significant investor responses are justified. In others, we often get the feeling that markets go over the top.
Source: dailymaverick - 🏆 3. / 84 Read more »
RATING ESKOM: ‘Let’s hope Moody’s cuts us some slack’ — DaviesAddressing the Cape Town Press Club on Tuesday, Department of Trade and Industry Minister Rob Davies was forthright about the damage which Eskom is inflicting on the South African economy. With a rating review from Moody’s imminent, Davies is hoping for mercy. fuck moody Does the ANC deserve more 'slack'?
Source: dailymaverick - 🏆 3. / 84 Read more »
Davies hopes Moody's will cut SA some slack with credit ratingTrade and Industry Minister Rob Davies says that he hopes that Moody's will recognise government's efforts to rebuild the economy. Headline contains 'Moody's will cut SA' while trying to say something completely opposite. There are so many words in the English language to choose from and you use 'cut'. fail Based on what? Keeping the lights on for the week Moody’s visits at a cost of R100m per day for diesel? Yeah good luck with that.
Source: ewnupdates - 🏆 30. / 53 Read more »
A junk call by Moody's would be no shocker for bond market'Although there is a risk of SA losing its final investment grade rating [from Moody's], the elevated yield suggests we are very much priced in as junk status,'
Source: SundayTimesZA - 🏆 47. / 51 Read more »